JP Morgan Provides Color on Liberty Global

JP Morgan provided color on Liberty Global

. In a research report published today, JP Morgan commented on the company's Q2 results, which came in line with market expectations. In the report, JP Morgan states, “LGI has delivered 2Q revenues in-line with our expectations, reporting +4% y/y rebased growth. OCF is 2% ahead and the +8% y/y rebased growth trend robust. Capex has come in below our expectations, hence FCF generation is >10% ahead of JPMe. Unitymedia momentum remains strong, but UPC KPIs are mixed in the quarter with NL a little soft, Switzerland in-line and CEE mixed.”