Tele Columbus sees strong Q2 growth
August 15, 2016
Tele Columbus, the third largest German cable operator, has published its financials for the second quarter of fiscal year 2016. The Group again reported strong growth with revenues of €119.9 million – an increase of more than 120 per cent and a pro forma increase of 4.2 per cent from €115 million year on year.
As of June 30th 2016, the Group reported 3.6 million homes connected, approximately 3,000 up from March 31st 2016. The Company served 2.42 million customers which translates into 2.44 million Cable TV RGUs (Revenue Generating Units), 424,000 Premium TV RGUs, 485,000 Internet RGUs and 452,000 Telephony RGUs which is an increase of 10k for Internet and roughly 11,000 for Telephony versus the end of the previous quarter. Thus, the number of RGUs per subscriber increased to 1.57x, up 0.01x from the end of the first quarter while the total blended average revenues per user (ARPU) rose significantly from €15.9 per month in the first quarter 2016 to €16.5.
“In the second quarter, we have again successfully managed to develop all relevant company KPIs as intended”, stated CEO Ronny Verhelst, showing his satisfaction. “To support this development long-term, we have defined four key strategic initiatives that we are driving consequently: It is our clear intent to generate organic growth, to make use of the M&A opportunities in the German cable market, to exploit the synergies from the integration of the acquired companies and to expand our business customer activities. Everything we do is contributing to these strategic initiatives and pushing our long-term success.”
In December, Tele Columbus plans to roll out its new UHD-capable multiscreen platform, Advance TV, combining linear TV, VoD services, TV streaming apps and mobile services.