Cogeco 2007 Annual Report Download - page 8

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6 COGECO CABLE INC. 2007 Message to Shareholders
In 2008, we intend to maintain our momentum. Cogeco Cable’s share price now compares favourably with that of its peers.
A well thought out approach and careful strategies should pay off and generate positive results for our shareholders.
We anticipate RGU growth in both our Canadian and Portuguese operations. This should have a positive impact on the
Corporation’s results, with operating income before amortization close to $425 million, operating revenue of $1.05 billion,
capital expenditures at $260 million and free cash fl ow poised to double to approximately $65 million. With our commitment
to continuously improving our fi nancial reporting, we will devote sustained attention to completing the implementation of
our controls and improving our processes in Canada and Portugal.
In Canada, the new management structure implemented last September should produce results and better equip Cogeco
Cable to sustain growth and improve service quality. In Portugal, Cabovisão will continue to develop its offering. The imple-
mentation of our Digital Television service, begun last June, will continue in 2008.
In the coming years, Cogeco Cable intends to continue being a player with a measured and confi dent strategy that, fi rst
and foremost, focuses on development and added value for shareholders and customers.
1
1 LOUIS AUDET
PRESIDENT AND CHIEF EXECUTIVE OFFICER
2 JAN PEETERS
BOARD CHAIR
2
LOUIS AUDET
PRESIDENT AND CHIEF EXECUTIVE OFFICER
JAN PEETERS
BOARD CHAIR