KDG swings to net profit

German cable operator Kabel Deutschland (KDG) has posted its results for the six months ended 30 September 2009, reporting a 10% year-on-year rise in revenue to EUR735.5 million (USD1.09 billion). The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 16.2% to EUR321.9 million, up from EUR277.1 million in the same period a year earlier, while net profit for the first six months of the fiscal year climbed to EUR4 million, compared to a net loss of EUR20.6 million in 1H 2008. At 30 September 2009 the company’s Revenue Generating Units (RGUs) totalled 11.8 million, up from 11.26 million a year earlier. Internet & Phone RGUs increased 60% year-on-year to reach 1.723 million, of which 851,000 were internet and 872,000 telephony RGUs. The number of subscribers taking more than one product from KDG has also increased; at the end of September 2009 customers subscribed to on average 1.31 products, up from 1.23 a year earlier, while monthly average revenue per user (ARPU) rose to EUR11.88, compared to EUR10.92 at 30 September 2008.