Kabel Deutschland back on growth track
November 11, 2013
Kabel Deutschland, Germany’s largest cable network operator, has released its consolidated financial results for the second quarter ended September 30th 2013.
Highlights for the second quarter ended September 30th 2013 include:
Premium TV recovery started with 55,000 RGU net adds quarter on quarter, resulting in a total of 2.1 million Premium TV RGUs.
Internet & Phone net add performance continued on high level with 84 thousand subscribers quarter on quarter, representing the strongest Q2 for many years. The Company now serves 2.1 million subscribers with Internet & Phone.
Total blended ARPU per subscriber for the second quarter increased to €16.95 – up by €1.23 or 7.8 per cent from the prior year’s second quarter.
Revenues returned to its quarterly growth track and increased by €7 million in Q2. Year on year, revenues rose by 4.0 per cent to €471 million (5.7 per cent on a pro forma basis when excluding public broadcasters’ carriage fees).
Adjusted EBITDA grew by 8.9 per cent to €232 million, compared to €213 million in last year’s second quarter. This includes an €11 million reimbursement from Deutsche Telekom which was accounted for in Q3 of last fiscal year.
Operating free cash flow amounted to €103 million, compared to €98 million in the second quarter of last year.
The Company posted a net loss of €129 million or due to a negative net income effect of €206 million from the Vodafone transaction.