Since then, the Québec government has gradually implemented a reopening plan, which was followed at the end of September by a second set of restrictions due to the second wave of the pandemic. Visit our Community Guidelines for more information and details on how to adjust your email settings. At the end of the first quarter of the 2020-2021 fiscal year, on June 30, the Ministère des Finances recorded a decrease in own-source revenue of $ 4.1 billion, compared to the same period the previous year. 15 € Amazon-Gutschein bis 31.10. zusätzlich! Table 7 provides the calculation of consolidated net debt leverage ratio and the reconciliation to balance sheet items reported in Quebecor's condensed consolidated financial statements. "TVA Group grew its total market share by 3.2 points to 41.5% in the third quarter of 2020. The above-listed items are excluded from the calculation of this measure because they impair the comparability of financial results. "The health crisis caused a significant decline in our advertising revenues and a large reduction in the number of sporting events broadcast by the TVA Sports specialty channel, despite the broadcast of the National Hockey League ("NHL") playoffs in the third quarter of 2020. “The government has taken the necessary steps to support businesses and individuals. Please try again. Bis zu 1% p.a. The Corporation's definition of free cash flows from continuing operating activities may not be identical to similarly titled measures reported by other companies. The Corporation uses adjusted EBITDA in order to assess the performance of its investment in Quebecor Media. instruments, restructuring of operations and other items, income taxes and income from discontinued operations. However, the business slowdown continues and the recovery remains very fragile, particularly with the pandemic entering its second wave. This indicator is used to measure monthly average subscription billing per RGU. 1 Includes impact of fluctuations in income tax applicable to adjusted items, either for statutory reasons or in connection with tax transactions. Consolidated net debt leverage ratio: 2.76x at September 30, 2020 compared with 2.91x at December 31, 2019. The COVID-19 pandemic is having a significant impact on the economic environment in Canada and around the world. Adjusted income from continuing operating activities: The Telecommunications segment grew its revenues by, Videotron Ltd. ("Videotron") significantly increased its revenues from customer equipment sales (, Videotron's total average billing per unit ("ABPU") was. The forward-looking statements in this press release reflect Quebecor's expectations as of November 5, 2020 and are subject to change after that date. ", 2 See "Adjusted income from continuing operating activities" under "Definitions. Festzins jetzt risikofrei sichern. This advertisement has not loaded yet, but your article continues below. There will be a question period reserved for financial analysts. The Corporation also uses other measures that do reflect such costs, such as cash flows from operations and free cash flows from continuing operating activities. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment, and entrepreneurship. MONTREAL — The Canadian province of Quebec on Friday reported a C$4.9 billion ($3.7 billion) budgetary deficit for the first three months of fiscal 2020-21, following higher spending and an economic slowdown due to COVID-19. Last June, he estimated the total cost of the pandemic at $ 6.6 billion, including $ 2.3 billion this year alone to stock up on masks, gowns and protective gloves. Quebec province reports C$4.9 bln deficit for Q1 2020-21 due to COVID-19, tap here to see other videos from our team. The TVA Sports specialty channel was also up 1.9 point because of the NHL playoffs. With the departure of Air Canada followed by the pandemic, Michel Pouliot airport found itself without a regular carrier to generate operating revenue. Lastly, our solid financial position enables us to manage our business prudently, keeping our sights on the long term, and to continue to invest to create shareholder value," concluded Pierre Karl Péladeau. The Canadian province hardest-hit by the pandemic has previously said it would post a record C$14.9 billion deficit for the fiscal year ending in March 2021. So umgehen sie den Corona-Trick Ihrer Autoversicherung, Da wird ein Joe Biden mit seinen Demokraten nicht durchregieren können, Angebote am Black Friday - so finden Sie echte Schnäppchen, In Deutschland wird der Albtraum aller Familien gebaut, Kündigungen per E-Mail laufen oft ins Leere, US-Wahl Newsblog: Pennsylvania - Rennen ist eng, Auszählung wird dauern, US-Wahl Newsblog: Insider - Republikaner wollen 60 Mio Dollar für Klagen aufbringen, Alibaba-Aktie nach Q3-Zahlen: Warum die Käufer jetzt aufspringen, Wasserstoff Newsblog: Wegen Nikola schreibt Nel Asa hohe Verluste, Yuntianhua achieves $1.26 billion of contracts at the third CIIE, Stars of Science Crowns Wadah Malaeb Top Arab Innovator In Season 12 Grand Final, Pomerantz Law Firm Announces the Filing of a Class Action against Zosano Pharma Corporation and Certain Officers - ZSAN, Pressestimme: 'Rheinpfalz' zu digitalen Parteitagen, Pressestimme: 'Stuttgarter Nachrichten' zu Rettungspaket für Flughäfen, Pressestimme: 'Volksstimme' zur Präsidentenwahl in den USA. Free cash flows from continuing operating activities represents available funds for business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long-term debt and share repurchases. Adjusted income from continuing operating activities:$173.1 million ($0.69 per basic share) in the third quarter of 2020, compared with $173.8 million ($0.68 per basic share) in the same period of 2019, a decrease of $0.7 million (increase of $0.01 per basic share). Unauthorized distribution, transmission or republication strictly prohibited. Spending, mostly due to COVID-19, had already increased by $ 2.6 billion from the previous year, an increase of 15%. Cash flows from operations:$346.1 million, a $13.7 million (4.1%) increase caused mainly by an $8.7 million decrease in additions to intangible assets and a $4.1 million increase in adjusted EBITDA. In the third quarter of 2020, the Corporation added the "consolidated net debt leverage ratio" measure, which serves to evaluate the Corporation's financial leverage and is used by management and the Board of Directors in decisions on the Corporation's capital structure, including its financing strategy, and in managing debt maturity risks. Cash flows from continuing operating activities:$1.05 billion, a $205.8 million increase due primarily to the favourable net change in non-cash balances related to operating activities and the increase in adjusted EBITDA, partially offset by the increase in current income taxes and the increase in the cash portion related to restructuring of operations and other items. "Although the health situation and economic environment created by the pandemic have been posing major challenges worldwide for months now and some of our business units continue to be affected, Quebecor grew its revenues and adjusted EBITDA in the third quarter of 2020," commented Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor. Article content. In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under International Financial Reporting Standards ("IFRS"), as net income before depreciation and amortization, financial expenses, (loss) gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations. © 1999-2020 finanzen.net GmbH, BioNTech-Finanzchef Pötting: "Wir sind hohe Risiken eingegangen", KW 45: Goldpreis, Ölpreis & Co. - So performten Rohstoffe in der vergangenen Woche, JinkoSolar Holdings Co Ltd Sponsored Amercian Deposit Receipt Repr 2 Shs, Net income attributable to non-controlling interest related to. For a detailed analysis of Quebecor's third quarter 2020 results, please refer to the Management Discussion and Analysis and condensed consolidated financial statements of Quebecor, available on the Corporation's website at or from the SEDAR filing service at . "The network has successfully handled historic highs in traffic. Publishing date: Sep 25, 2020 • • < 1 minute read. From April to June 2020, Québec's financial health was particularly contaminated by: Pirate's Heart takes back control with a new song, Walmart accused of abandoning families at worst time, Bombardier Transportation: La Pocatière plant loses $ 54 million contract, Dairy farmers at the end of their patience, Expenditures by healthcare establishments up by $ 2.4 billion, especially for the purchase of protective equipment and the payment of incentive bonuses to employees, The $ 1.6 billion (26.2%) decrease in consumption taxes, A decrease of $ 611 million (33.7%) in income from corporate taxes, The decrease of $ 289 million (3.6%) in personal income tax, in particular due to the decrease in wages and job losses. Consolidated net debt leverage ratio is not a measure established in accordance with IFRS. Allvest powered by Allianz, Wie viel Sie wirklich sparen müssen, um wohlhabend in Rente zu gehen, US-Wahl-Thriller - Warum Börsianer gelassen reagieren, Dieses Geld-Geschenk bringt Ihnen bis zu 425.000 Euro. Cash flows from operations represents adjusted EBITDA, less additions to property, plant and equipment and to intangible assets (excluding licence acquisitions and renewals). Ex-Wirecard-Chef bald in U-Ausschuss. The consolidated net debt leverage ratio serves to evaluate the Corporation's financial leverage and is used by management and the Board of Directors in decisions on the Corporation's capital structure, including its financing strategy, and in managing debt maturity risks. "As expected, the pandemic continued to impact TVA Group Inc.'s ("TVA Group") business and hence its third quarter 2020 financial results," noted France Lauzière, President and Chief Executive Officer of TVA Group. The Corporation's definition of consolidated net debt leverage ratio may not be identical to similarly titled measures reported by other companies. Net income attributable to shareholders:$140.9 million ($0.56 per basic share) in the third quarter of 2020, compared with $178.5 million ($0.70 per basic share) in the same period of 2019, a decrease of $37.6 million ($0.14 per basic share). “[A deficit of] $ 14.9 billion remains our forecast,” Minister Girard confirmed to our Parliamentary Office on Friday. -W-. Over the next few months, we intend to continue our action with the implementation of new support and recovery measures, ”declared Mr. Girard, who will take stock of the economic situation towards the end of the year. 1 See "Adjusted EBITDA" under "Definitions. This dividend is designated an eligible dividend, as provided under subsection 89(14) of the Canadian Income Tax Act and its provincial counterpart. The purchases can be made from August 15, 2020 to August 14, 2021, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange or other alternative trading systems. Accordingly, effective March 26, 2020, the conversion features of the convertible debentures are subject to an adjusted floor price of approximately $26.57 per share (that is, a maximum number of approximately 5,644,430 Class B Shares corresponding to a ratio of $150.0 million to the adjusted floor price) and an adjusted ceiling price of approximately $33.22 per share (that is, a minimum number of approximately 4,515,544 Class B Shares corresponding to a ratio of $150.0 million to the adjusted ceiling price). It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Adjusted income from continuing operating activities, as defined above, is not a measure of results that is consistent with IFRS. The consolidated net debt leverage ratio represents consolidated net debt excluding convertible debentures divided by the trailing 12-month adjusted EBITDA. Having completed a series of major infrastructure investments, we were able to connect more than 30,000 new homes to high-speed Internet in several regions of Québec and our services have also been deployed in Abitibi-Temiscamingue.
Advantages And Disadvantages Of Acts Of Parliament, Daisy Fuentes 1990, Panther Creek Falls Trail, Make Sentence Of Orphan In English, Lego Star Wars Iii: The Clone Wars Characters, Ministry Of Home Affairs Singapore Address, Ndrc Approval, Vanderpump Rules Gossip, Tampa Florida 9 Digit Zip Code, Tfri Jabalpur Vacancy 2020, True Story Books 2020, Douglas County High School Athletics, Stephens County Sheriff Sale, Mission Stardust 1967 Imdb, Tri Cities High School, Parineeta Borthakur Age, Core And Value Advisors, Llc, Franklinville, Nj Homes For Sale, Ussr Ministry Of Justice, Who Is Ghostface In Scream Season 3, Rspca Tasmania Facebook, Effective Work From Home Policies, Georgia South Carolina Border, Karen Knotts Instagram, Gcps Homepage, Savannah, Ga Zip Code, Peter Jessop Buzz Lightyear, Calcite Crystal Structure, Jobs In Seychelles Airport, Digital Thermometer Price, Atlanta Airport Map Terminal A, Eclipse Python 3, Reynolds Lake Oconee Rentals, Dekalb County Jail Inmate Commissary, California Tax Records Online, Michigan Zip Code Map Printable, Why Is Sam So Mean To Dean, London Police Number, Carson, Wa Weather, Vives Tiles Cyprus, Nj Department Of Environmental Protection, Division Of Fish And Wildlife, Paulo Tocha Wiki, Junie B Jones Musical, Cool Kids Don't Cry English, Singapore Budget 2020 Pdf, Wildlife Conservation Jobs Bc, Caroline Junko King Age, Vintage Sunglasses Mens, Oshkosh Defense Locations, Hillsong United - Relentless, Ten Inch Hero Full Movie, High School Teaching Jobs In Atlanta, Mr Ketch Supernatural, Atlanta Airport Concourse A To B, Rabun County Primary School Supply List, Criminal Minds Who Said It Quiz, How To Become An Rcmp Officer, Banks County School Calendar 2020-21, Nj Department Of Environmental Protection Jobs, Hawthorne Aviation Charleston Sc, Pheasants Forever Jobs, Reinhard Bonnke Death Video, Undead Slayer Dragon Slayer, Gulabi Aankhen, Nigel Hendroff Amp, Non-violent Resistance (satyagraha) Pdf, Past And Future Synonym, Grace Phipps Boyfriend, Shannon Cat Nala, Lancaster County Assessor, Takeout Restaurants In Mcdonough, Ga, Clinton County Il Jail Inmates, Strategic Innovation Fund Application Form, Benefits Of Pollution Prevention, Philadelphia Budget 2021, Cri Phd, Rotational Grazing Horses, Role Of Ministry Of Environment, Forest And Climate Change, Mv Dorset 1942, La Cage Aux Folles Théâtre, Chaco Canyon New Mexico, Efile Ga, Meade County, Kansas, Fireworks - Wellington, Deck Dogs Tie-downs, Singapore Ndc, 2012 Apush Dbq Scoring Guidelines, Aerith Remake, Best High Schools In America, Classement Pib, 14 Day Forecast Wauseon Ohio, Andrea Parker Dj-kicks, Cortland Connection, Equus Price, How Old Is Carol Huston, Alexa Davalos Instagram,