KDG internet and phone sales up 16.5%, TV slips 1.4%

14 Aug 2013

German cable network operator Kabel Deutschland (KDG) has announced its financial results for the first quarter of its 2013/14 fiscal year, reporting a 4.6% rise in revenues to EUR464.3 million (USD616.7 million) in the three months ended 30 June 2013 from EUR443.8 million in the year-ago period. Growth was primarily driven by a 16.5% year-on-year increase in ‘Internet and Phone’ revenues to EUR174.3 million, while TV turnover fell 1.4% to EUR290.1 million primarily due to a reduction of carriage fees from public broadcasters. Adjusted EBITDA for the three months to end-June 2013 reached EUR217.2 million, up 3.8% from EUR209.3 million twelve months earlier. KDG, which is currently being bought by Vodafone Group in a EUR7.7 billion deal announced in June, posted a net profit of EUR29.3 million compared to EUR65.7 million in the year-ago quarter.

In operational terms, KDG reported a total of 14.393 million revenue generating units (RGUs) at mid-2013, up 5.2% year-on-year, with growth driven by strong demand for new premium TV, internet and telephony services. These services accounted for 5.895 million of total RGUs (up from 4.977 million a year earlier). The number of internet RGUs reached 1.906 million at the end of June 2013, up 20.4% from 1.583 million a year earlier, while telephony RGUs grew 17.6% from 1.612 million to 1.895 million over the same period. Premium TV RGUs totalled 2.094 million at the end of Q1 2013/14, up from 1.782 million year-on-year.

Germany, Kabel Deutschland