Kudelski Group reports Q1

Total revenues and other operating income came in at CHF 424.2 million (E262m), which is slightly up compared to the first half 2007. Kudelski reported an operating loss of CHF 18.5 million and a net loss of CHF 39.8 million. The Group forecasts to deliver a profitable second half, while the bulk of the economic benefit from the migration of cards to the service model is expected to materialise starting in 2009.

In the first half 2008, Nagravision expanded its global reach to 92.3 million active devices for conditional access.

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