Kabel Deutschland 6M revenue up 5.6% on rising RGUs

15 Nov 2011

German cable operator Kabel Deutschland has announced it generated revenue of EUR830.1 million (USD1.1 billion) in the first half of its fiscal year ending 31 March 2011, representing an increase of 5.6% over the EUR785.8 million reported in the year-ago period. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the six months to end-September 2011 totalled EUR389.9 million, up 9.8% year-on-year, while net profit reached EUR44.9 million, compared to a loss of EUR8.6 million twelve months previously. Kabel Deutschland said it invested a total of EUR178.2 million in its cable network and customer acquisition in the first half of its 2011/12 fiscal year, compared to EUR141.6 million in the year ago-period. Commenting on the results, Kabel Deutschland CEO Adrian von Hammerstein said: ‘We are reporting today about a positive first half-year, in which the company successfully continued its growth trend. Especially high demand for our broadband and Premium TV products contributed to this positive development. Posting a positive net result of nearly EUR45 million has clearly put us in the profit zone, where we will remain.’

Total revenue generating units (RGUs) rose by 660,000 to reach over 13 million at 30 September 2011, of which 2.788 million were internet and telephony RGUs, an increase of 22.7% year-on-year. Internet and telephony subscriptions meanwhile grew 20.4% over the period to 1.495 million, while premium TV RGUs rose 24.6% year-on-year to 1.415 million. Of the 15.3 million homes passed by Kabel Deutschland’s network, 12.6 million, or 82.1%, had been upgraded for internet and telephony services.

Germany, Kabel Deutschland