Unitymedia sees 10% growth in Q3 sales

4 Nov 2011

German cableco Unitymedia, a subsidiary of US company Liberty Global, has reported revenue of EUR259.5 million (USD356.5 million) for the third quarter of 2011, an increase of 10% year-on-year, while 9M turnover rose 9% to EUR757.7 million. The company said that growth was primarily due to increased revenue from its advanced services, particularly the accelerated take-up of its ‘Unity3play’ triple-play product bundles. This – alongside lower bad debt and network-related costs – helped to boost adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) by 14% year-on-year in Q3 2011 to EUR154.7 million and by 18% in the first nine months of the year to EUR454.7 million. The company said the loss from continuing operations was EUR48.5 million in 3Q 2011, compared to a loss of EUR2.7 million in the year-ago period, and EUR121.8 million in the first nine months of 2011, compared to a loss of EUR130.3 million in 9M 2010.

Total revenue generating units (RGUs) rose 7% from 5.952 million 30 September 2010 to 6.387 million twelve months later, including 964,200 internet RGUs (up 33%) and 961,400 telephony RGUs, an increase of 32% year-on-year. Digital cable TV customers grew 13% year-on-year to 1.688 million. At the end of September 2011 Unitymedia’s cable network passed 8.706 million households, and 95% of the infrastructure had been upgraded for two-way services up to the street cabinet.

Germany, Unitymedia