ADB profits up 10%
January 23, 2013
By Chris Forrester
In a preliminary financial statement ahead of its full results announcement on March 14th, Swiss-based TV technology company ADB says that its revenues last year grew by more than 10 per cent over 2011.
ADB Group was founded in 1995 and specialises in supply set-top boxes to cable, satellite, DTT and IP-based platforms.
Back in 2011 ADB made some significant changes to its product portfolio, and despite these changes saw revenues grow 12 per cent to $399 million over 2010, and a grow profit of $124 million (or 31 per cent of revenues) and up 29.2 per cent on 2010.