Kabel Deutschland revenue up 7.7% on rising internet, telephony sales

14 Aug 2012

German cable network operator Kabel Deutschland has announced its consolidated financial results for the first quarter of its 2012/2013 fiscal year, reporting a 7.7% rise in revenues to EUR444 million (USD546.7 million) in the three months ended 30 June 2012 from EUR412 million in the year-ago period. Growth was primarily driven by a 17.1% increase in ‘Internet and Phone’ revenues to EUR150 million, while TV turnover increased 3.5% year-on-year to EUR294 million. Kabel Deutschland reported that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the three months ended 30 June 2012 grew 8.2% year-on-year to EUR209 million, while net profit totalled EUR66 million compared to EUR8 million in the year-ago quarter. In May 2012 Kabel Deutschland entered into a purchase agreement to acquire regional cable TeleColumbus for EUR603 million plus accrued interest of EUR15 million as of 31 December 2011. The acquisition is subject to the approval of the German Federal Cartel Office; closing is expected in the fourth quarter of the current fiscal year.

At 30 June 2012 Kabel Deutschland had a total of 13.678 million revenue generating units (RGUs), up 6.6% year-on-year, with growth driven by strong demand for new premium TV, internet and telephony services. These services accounted for 4.977 million of total RGUs (up from 3.979 million a year earlier). The number of internet RGUs reached 1.583 million at the end of June 2012, compared to 1.314 million a year earlier, while telephony RGUs grew from 1.349 million to 1.612 million over the same period. Premium TV RGUs totalled 1.782 million at the end of Q1 2012/13, up from 1.317 million year-on-year.

Germany, Kabel Deutschland