KDG posts 5.8% rise in Q1 revenue

18 Aug 2011

Germany’s largest cable operator by subscribers, Kabel Deutschland (KDG), has reported revenue of EUR412.1 million (USD594 million) in the first fiscal quarter ended 30 June 2011, an increase of 5.8% compared to EUR389.5 million in the year-ago period. The company said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 9.8% year-on-year from EUR176.2 million in Q1 2010 to EUR193.4 million a year later, while its EBITDA margin climbed from 45.2% to 46.9% over the same period. Net profit for the quarter totalled EUR8.5 million, compared to a net loss of EUR2.5 million in Q1 2010. Capital expenditure amounted to EUR77.2 million in the three months to end-June 2011, up from EUR61 million in the year-ago quarter.

In operational terms, KDG reported 12.8 million revenue generating units (RGUs) at 31 June 2011, up 4.9% year-on-year, with growth driven by strong demand for new premium TV, internet and telephony services. These services accounted for a 31% share of total RGUs (up from 26.7% a year earlier). The number of internet and telephony RGUs rose 23.5% over the period to 2.662 million, while internet and telephony subscribers grew by 20.7% or 246,300 year-on-year to 1.433 million. Premium TV RGUs totalled 1.316 million at 30 June 2011, an increase of 18.9% year-on-year.

Germany, Kabel Deutschland