Kabel Deutschland Holding AG , Germany’s largest cable network operator, has released its consolidated financials for the fourth quarter and fiscal year 2011/2012 ended March 31st, 2012.
For the fiscal year ended March 31, 2012: Revenues increased by 6.3 per cent to €1/699.7 billion compared to €1.598.9 billion in the previous fiscal year, within revenue guidance at the lower end of 6.25 to 6.75 per cent growth. Adjusted EBITDA grew by 9.1 per cent to €795.5 million compared to €729.1 million in the last fiscal year.
The Company added 251.6 thousand Internet and phone subscribers and premium TV RGUs grew by 32.8 per cent or 415,200 units year on year, of which 245,000 were DVR RGUs. Total blended monthly ARPU per subscriber for the fiscal year reached €14.44 – up by €1.04 or 7.8 per cent from the prior year
The Company posted a net profit of €159.4 million versus a net loss of €45.3 million in the previous fiscal year. As of March 31st, 2012 the Total Net Debt to EBITDA ratio has fallen to 3.4 times
With an annual revenue increase in the fourth quarter of 8.5 per cent, Kabel Deutschland has shown an accelerating topline growth in the past quarters. The acceleration is fuelled by the continuously strong demand for the Company’s New Services as reflected by the subscriber and RGU inflow in the fourth quarter of fiscal year 2011/2012.
In the fourth quarter, Kabel Deutschland added 71,100 new Internet and phone subscribers, resulting in a total of 251,600 thousand net additions for the fiscal year 2011/2012. KDH extended the market reach of its DOCSIS 3.0 superfast Internet products to 76.9 per cent of its upgraded footprint (from 47 per cent the year before).
With regard to Premium TV, Kabel Deutschland saw its most successful year ever. In the fourth quarter the demand for these products remained unabatedly high with a quarterly RGU increase of 8.5 per cent or 131,100 units. Thereof, DVRs accounted for 73,800 units (previous quarter: 72,800 thousand), representing the fifth quarter in a row with increasing DVR net add growth.
In total, the Company recorded 13.4 million RGUs on March 31, 2012, up 5.9 per cent or 750,400 thousand from previous year. The increasing penetration of the customer base with New Services is reflected by the steady increase of the total blended monthly ARPU per subscriber which reached €15.05 in the fourth quarter – up by €1.27 or 9.2 per cent year on year.