In business for more than 60 years, we are a sound diversified communications and media company focusing on internal and external growth.
Our balance sheets are solid and healthy, due primarily to continued growth in revenue, adjusted operating income before depreciation and amortization (“Adjusted EBITDA”) and free cash flow. We maintain a prudent financial leverage (net Indebtedness/Adjusted EBITDA), which makes it possible to support our internal and external growth strategy. Our innovative management team takes a bold, disciplined approach to managing the business and seeking growth opportunities in order to create long-term value for our shareholders.
Through our subsidiary Cogeco Communications Inc., we continually improve our service offering in the cable/broadband services sector to maximize growth by investing in our networks and equipment as well as in new technology.
Cogeco Connexion's strong Canadian cable operations provide stable growth and one of the highest operating margins in the industry and leverages superior Internet speeds in a large part of our footprint. .
Atlantic Broadband's successful U.S. cable expansion strategy has resulted in robust organic growth in our largely regional markets with fragmented competition. New Internet and video product introductions in newly acquired MetroCast systems should contribute to higher service penetration rates. In addition, the Florida expansion contributes to higher organic growth and Atlantic Broadband is positioned to act as a consolidator of regional cable operators.
Through our subsidiary, Cogeco Media we own and operate 22 radio stations throughout the province of Québec and one in Ontario.
Radio, with solid programming aligned with listener and advertiser tastes, aims at gaining market share, and maximizing profitability.
Our strong financial performance includes attractive margins, strong free cash flow and dividend growth. We practice prudent financial management with a history of reducing leverage following acquisitions.