Kudelski rises on Dish cards
August 20, 2013
The Kudelski Group, provider of media content protection technology, announced its 2013 half year results.
Total revenues and other operating income for the first half year increased by CHF 1.9 million (€1.55m) to CHF 390.2 million, in spite of the divestiture of Abilis, a unit sold in December 2012. Sales of SmarDTV devices as well as NagraID Security display cards were among the key drivers supporting the top line.
While the European crisis and weak consumer sentiment continued to affect the European Digital TV business, the American Digital TV business posted a 12.1 per cent per cent growth. Both the South American and the North American markets contributed to the strong regional performance.
In North America, a large number of new smart cards delivered to Dish Network underpinned the top line, while a further expansion of Group’s footprint in South America enabled continued strong performance in that region. Nagra’s footprint continues to expand with the win of Racsa, the largest Costa Rican telecom company, selecting Nagra’s hosted Medialive multiscreen over-the-top service. Furthermore, Telefonica’s middleware roll-out is progressing according to plan, with the deployment of OpenTV5 starting in Chile. Telefonica Chile also starts leveraging SmarDTV’s highly cost optimised and pre-integrated set-top boxes.
Similarly, SkiData performed well in the American market, posting 46.5 per cent growth, with strong momentum both in North America and South America, including in particular first installations in Peru, Columbia and Uruguay, as well as contracts for airport parking projects in Chile and Uruguay.