Kabel Deutschland accelerates
August 14, 2013
Kabel Deutschland Holdings (KDH) Germany’s largest cable network operator, has released its consolidated financial results for the first quarter ended June 30, 2013 showing steady growth across the business, except for churn at Kabel BW.
Internet and Phone momentum continued with 71,000 net subscriber adds quarter on quarter, representing the strongest Q1 since June 2009, and now providing more than two million subscribers with Internet and Phone services. Premium TV RGUs grew by 24,000 over the previous quarter, but were hit by extraordinary churn of 32,000 Kabel BW Pay TV wholesale customers, and a generally softer demand in the first quarter.
Total blended ARPU per subscriber for the first quarter rose to €16.71 – up by €1.33 or 8.6 per cent from the prior year’s first quarter.
Revenues increased by 4.6 per cent to €464 million year on year; excluding public broadcasters’ carriage fees revenues were up 6.3 per cent year on year. Adjusted EBITDA grew by 3.8 per cent to €217 million compared to €209 million in the last fiscal year’s first quarter.
The total blended Internet and Phone ARPU remained stable at €27.85 (last quarter: €27.86), despite continued pressure on the variable ARPU. Primarily resulting from further decline of call volume per subscriber, the variable ARPU fell from €3.94 to €3.75. It was, however, compensated by the growing fixed ARPU component which increased by €0.18 from €23.92 to €24.10.