Kabel Deutschland has announced it generated revenue of €830.1 million in the first half of its fiscal year ending 31 March 2011, an increase of 5.6 per cent on the year-ago period. Net profit reached €44.9 million, compared to a loss of €8.6 million twelve months previously. Kabel Deutschland said it invested a total of €178.2 million in its cable network and customer acquisition in the first half of its 2011/12 fiscal year, compared to €141.6 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 €45 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 per cent year-on-year. Internet and telephony subscriptions meanwhile grew 20.4 per cent over the period to 1.495 million, while premium TV RGUs rose 24.6 per cent 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 per cent, had been upgraded for internet and telephony services.
Meanwhile KDG, in common with other operators, admitted it is concerned for the supplies of its DVR following the recent flooding in Thailand that have damaged suppliers.