Kudelski “strong momentum” in 2016
February 16, 2017
The Kudelski Group, a specialist in digital security, said it restored its strong growth momentum in 2016, increasing its consolidated revenues and other operating income by 12.3 per cent to CHF 1,067.4 million (€1,002.5m). Operating income increased to CHF 97.8 million, representing a 20.4 per cent improvement over the previous year, while net income from continuing operations grew by 51.7 per cent to CHF 74.8 million.
The Group generated CHF 122.6 million of cash from operating activities, representing a CHF 16.2 million improvement compared to cash flows generated in 2015.
Integrated Digital TV (iDTV) segment revenues increased by 10.5 per cent in 2016, reaching CHF 730.2 million, and segment operating income increased by 19.3 per cent to CHF 99.4 million.
Public Access maintained its strong momentum, achieving its best ever segment revenues and growing operating profits. Revenues grew by 14.4 per cent to CHF 318.7 million and operating income grew by 9 per cent to CHF 17.1 million.