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Swedish triple-play provider Com Hem has reported Q3 revenues of SEK 1,255 million (€134m), up 3.7 per cent, thanks in part to healthy growth in the consumer business. Underlying EBITDA amounted to SEK 590 million, up 2.6 per cent, driven by revenue growth partially offset by revenue mix. Com Hem’s digital TV subs grew by 4,000 and TiVo by 9,000.
Anders Nilsson, CEO, Com Hem, commented: “I summarise this quarter as a solid one in which the business delivered successfully on our long-term plan, while investing in the pillars of our future growth. We continue to grow subscribers steadily, as we continue our shift from volume to price and volume-led growth. We grew our consumer base by 9,000 to 903,000 customers, with an additional 11,000 broadband subscribers and 4,000 digital TV subscribers. Our TiVo penetration rate is 34 per cent of our TV customer base, adding 10,000 customers to a total of 213,000 – a remarkable achievement since our launch two years ago.”
“Our strong focus on operational improvement continues to yield real benefits. We achieved a record-low consumer churn rate of 12.9 per cent, compared with 13.7 per cent in the second quarter and 14.8 per cent in third quarter 2014, benefiting from falling churn on all consumer services. This represents a particularly rapid recovery from the price rise activity in Q2.”