Increased Cash Flow and EBITDA
Quebecor increased its cash flow from operating activities by $31 million or 8% to $420 million and its EBITDA, excluding stock-based compensation, by $13 million or 2% to $569 million.
Debt Reduction
Quebecor reduced its debt by $155 million, improving its net debt-to-EBITDA ratio to 3.26 times, the lowest leverage in the Canadian industry.
Strong Telecom Segment Performance
The Telecom segment showed significant growth with 54,000 net new lines and improved adjusted EBITDA margins from 48.8% to 50.1%.
Customer Experience and Recognition
Videotron was ranked the most respected telecommunication company in Quebec for the 19th time since 2006 and maintained a low volume of complaints despite industry trends.