Kabel Deutschland posts 5.4% rise in Q3 revenue

16 Feb 2012

German cable operator Kabel Deutschland has announced it generated revenue of EUR427.3 million (USD560.8 million) in the third fiscal quarter ended 31 December 2011, an increase of 5.4% compared to the year-ago period, on the back of a 14.2% year-on-year rise in internet and telephony revenue to EUR137.4 million. Turnover generated by the company’s television services totalled EUR289.9 million in Q3, up 1.7% over the year-ago quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 8% from EUR185.2 million in the quarter ended 31 December 2010 to EUR200.0 million in the corresponding period of 2011, with the EBITDA margin climbing from 45.7% to 46.8% over the same timeframe. Kabel Deutschland meanwhile posted a quarterly net profit of EUR55.0 million, compared to a net loss of EUR36.5 million in Q3 2010/11. Capital expenditure amounted to EUR105 million in the three months to end-December 2011, up from EUR86 million in the year-ago quarter.

At the end of 2011 Kabel Deutschland reported a total of 13.3 million revenue generating units (RGUs), up 5.7% year-on-year, with growth driven by strong demand for new premium TV, internet and telephony services. These services accounted for a 33.7% share of total RGUs (up from 28.9% a year earlier). The number of internet and telephony RGUs totalled 2.925 million, compared to 2.404 million at the end of 2010, while internet and telephony subscribers grew from 1.307 million to 1.563 million over the same period. Premium TV RGUs totalled 1.548 million at 31 December 2011, an increase of 27% year-on-year.

Germany, Kabel Deutschland