Free cash flow grew US$ 149.2 million to US$ 55.5 million. The significant improvement in free cash flow reflects operational improvements, lower cash interest, and normalized working capital requiremen.ts.
OIBDA for the year ended December 31, 2015 was US$ 122.8 million compared to US$ 95.4 million in 2014. OIBDA margin1 for the year ended December 31, 2015 was 20.3% compared to 14.0% for the year ended December 31, 2014.
FULL YEAR - Net revenues increased 6% at constant rates to US$ 605.8 million - - OIBDA improved 53% at constant rates to US$ 122.8 million - - Free cash flow grew US$ 149.2 million to US$ 55.5 million - FOURTH QUARTER - Net revenues increased 3% at constant rates to US$ 195.6 million - - OIBDA improved 16% at constant rates to US$ 56.2 million - ANNOUNCES NEW €469 MILLION TERM LOAN TO REFINANCE MOST EXPENSIVE DEBT
