German cableco Unitymedia, which was acquired by US cable giant Liberty Global Inc (LGI) in November 2009, has posted its results for the year ended 31 December 2009, reporting a 7% increase in revenue to EUR780 million (USD1.07 billion). The company’s adjusted cable earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR446 million in 2009, up 13% year-on-year, while net profit reached EUR76.7 million, compared to the EUR86.1 million generated in 2008. CAPEX for the cable segment increased 9% from EUR231.5 million in 2008 to EUR251.7 million a year later.
Unitymedia’s ‘New Services’ revenue generating units (RGUs), comprising subscriptions to internet, telephony and digital TV offerings, rose 31% on 2008 to 2.04 million. Of that total, retail broadband RGUs comprised 584,000, representing a 55% year-on-year increase, while telephony RGUs rose 61% over 2008 to 586,000. Digital pay-TV customers fell 14% year-on-year however, to 491,000. At the end of 2009 Unitymedia’s cable network passed 8.786 million households, and 92% of the infrastructure had been upgraded to enable the operator’s triple-play ‘Unity3Play’ package, compared to 83% at end-2008.