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.