Central European Media Enterprises Ltd. Q3 2009 Earnings Conference Call

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2009-10-27 10:38:09.0

Tags: Financial, Earnings, Conference Call, Central European Media Enterprises Ltd., GAAP, Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

Central European Media Enterprises Ltd. (CETV)

Q3 2009 Earnings Call

October 27, 2009 10:00 a.m. ET

Executives

Romana Tomasova - VP of Corporate Communications

Adrian Sarbu - CEO

Charles Frank - CFO

Analysts

Ben Mogil - Thomas Weisel Partners

Murray Arenson - Janco Partners

Fred Kooij - Blue Bay

Margaret Kalvar - Harding Loevner

Laurie Davidson - Goldman Sachs

Presentation

Operator

Hello my name is Tasha. I will be your conference operator today. At this time, I would like to welcome everyone to the Central European Media Enterprises third quarter 2009 earnings conference call. All lines have been placed on mute to prevent any background noise.

After the speaker’s remarks there will be a question-and-answer period. (Operator instructions) As a reminder this conference call is being recorded today October 27, 2009. It is now my pleasure to turn the floor over to Romana Tomasova, Vice President of Corporate Communications. Ms. Tomasova, you may begin your conference.

Romana Tomasova

Good morning or good afternoon to each of you, and welcome to CME's third quarter 2009 investor conference call. During this call, we will refer to presentation slides, which you can download from our website www.cetv-net.com. You can find them on our homepage at the bottom left corner.

The participants of today's call will be Adrian Sarbu and Charles Frank who will give you the formal presentation. We are also joined today by our General Counsel, Daniel Penn and Vice President Anthony [Choi] and Mark Wyllie.

Before I turn to Adrian, let me read the usual Safe Harbor statement. Our presentation today will contain forward-looking statements. For these statements, we claim the protection of the Safe Harbor contained in the US Private Securities Litigation Reform Act of 1995, and refer you to the forward-looking statements section in our Form 10-Q filed with the Securities and Exchange Commission earlier today for a list of such statements and the factors, which could cause future results to differ from those presented in this call.

During this call, we will refer to our segment financial information that is not in US GAAP, please see the appendix of the presentation for our reconciliation to US GAAP financial measures. In addition, our segment financial information that is presented in local currencies is not in US GAAP. We do not provide reconciliation to these numbers as the US GAAP amounts our expressed in US dollars in our financial statements.

 

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