Ziggo posts 1Q11 financials; sales up 6.5%

19 Apr 2011

Dutch cable operator Zesko Holding (Ziggo) has reported its financial and operational results for the three months ended 31 March 2011. The cableco booked quarterly revenue of EUR360.9 million (USD516.9 million), up 6.5% year-on-year, of which EUR340.5 million was derived from the consumer sales segment. Ziggo said adjusted EBITDA climbed 5% year-on-year to EUR205.2 million and operating profit rose 19.2% to EUR86.4 million.

The company had 1.578 million broadband internet customers by the end of the first quarter, up 7.2% year-on-year, while its fixed telephony subscriber base climbed 17.3% to 1.212 million. At the same date a total of 1.12 million households subscribed to a bundle, it said, up 51.5% from 739,000 a year earlier. Ziggo added 45,000 new triple-play customers in its fiscal first-quarter for a total of 1.14 million. The number of digital TV connections grew by a net 111,000 in the first three months of this year, with much of the growth attributed to users migrating from analogue to digital. Ziggo said its internet user based climbed by a net 29,000 new users in 1Q11, while the fixed telephony unit added 45,000 new customers.