Tele Columbus Group, the third largest German cable network operator, further executed its growth strategy in full year 2014 resulting in a strong performance according to preliminary unaudited figures.
Revenues grew by 3.3 per cent year on year to €213 million in 2014. Normalised EBITDA grew significantly by 12.3 per cent year on year to €98.9 million in 2014. Operating margin improved to 46.5 per cent of revenue in 2014 compared to 42.7 per cent in 2013. Tele Columbus continued to invest in its technology capabilities, which is reflected in a rise in Capex to €84.1 million (63.2 per cent year on year). The audited financial statement will be published on March 31st 2015.
“In 2014, we successfully pursued our growth strategy in close cooperation with our partners in the housing industry. Based on our high performing network and our attractive product portfolio, which we continuously improve, we delivered profitable growth, as promised”, says Ronny Verhelst, CEO of Tele Columbus. “Our successful IPO in January 2015 gives us additional financial flexibility to implement our growth strategy in the coming years.”
The ongoing growth is particularly due to Tele Columbus’ high performance network and the company’s success in selling new products to existing customers. “Our attractive customer base offers us great potential for further up- and cross selling of additional products beyond traditional cable services such as premium TV, Internet and Telephony via cable which substantially drove our growth in 2014”, added Verhelst.