Tele Columbus “continues on growth path”
August 14, 2015
Tele Columbus, the third largest German cable network operator, saw revenues in the second quarter of 2015 increase by 2.3 per cent year on year to €54.3 million. Compared to a high normalised EBITDA of €25.4 million in the previous year’s second quarter, the Company again showed significant growth of 9.2 per cent year on year to €27.7 million in Q2 2015, generating an EBITDA margin uplift of 3.2ppt to 51. per cent (47.8 per cent in Q2 2014). With capital expenditures of €23.4 million in the second quarter, Tele Columbus was able to increase the number of households connected to its own two way fully upgraded network to 955,000 which is an increase of 15,000 compared to March 2015.
“Tele Columbus continues to successfully deliver on its growth strategy: For the second quarter of 2015, we report 2.3 per cent top line growth paired with strong EBITDA development”, says Ronny Verhelst, CEO of Tele Columbus. “We have good traction in our new product offerings which confirms that we are successfully meeting the needs of our customers and partners in the housing industry. Our progress to date has been driven by our high-performance infrastructure and highly competitive product portfolio. Going forward, we see our development moving to the next level by joining forces with primacom and maximising the potential of our combined platform.”