Kabel Deutschland revenues grow 3.7%

5 Feb 2014

German cable operator Kabel Deutschland has announced its consolidated financial results for the third quarter ended 31 December 2013, reporting revenue of EUR482 million (USD651.5 million), up 3.7% from EUR465 million in the year-ago period. Growth was primarily driven by a 15.8% year-on-year increase in ‘Internet and Phone’ revenues to EUR188 million, while TV turnover fell 2.8% to EUR294 million, primarily due to a reduction of carriage fees from public broadcasters. Adjusted EBITDA for the three months to end-December 2013 reached EUR231 million, an increase of 4.7% from EUR220 million twelve months earlier. KDG, which was bought by Vodafone Group last year, posted a net profit of EUR33 million for the quarter, compared to a profit of EUR73 million a year earlier, with the company attributing the decline to ‘tax expenses of EUR38 million, after deferred tax assets on loss carry forwards were amortised in Q2’.

Kabel Deutschland reported a total of 14.765 million revenue generating units (RGUs) at the end of 2013, up 4.5% from 14.124 million a year earlier, with growth driven by strong demand for new premium TV, internet and telephony services. These services accounted for 6.373 million of total RGUs (compared to 5.464 million at end-2012). The number of internet RGUs reached 2.088 million as at 31 December 2013, up 19.9% from 1.741 million a year earlier, while telephony RGUs grew 16.9% to 2.050 million over the same period. Premium TV RGUs totalled 2.235 million at the end of Q3 2013/14, up 13.5% from 1.970 million year-on-year.

Germany, Kabel Deutschland (KDG),

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