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Kabel Deutschland FY revenues up 6.3% on broadband expansion
2015-05-18 12:46:00| Telecompaper Headlines
(Telecompaper) Kabel Deutschland reported revenues for its fiscal year to March up 6.3 percent to EUR 2.02 billion. Growth was driven by almost half a million new internet customers, as well as a 7.2 percent rise in ARPU to EUR 18.34. Adjusted EBITDA rose 3.3 percent to EUR 939 million, giving an EBITDA margin of 46.5 percent. The net result turned to a profit of EUR 239 million versus a loss of EUR 68 million a year ago. The German cable operator, a subsidiary of Vodafone, invested EUR 571 million, or 28.3 percent of revenues in capital equipment last year, plus another EUR 132 million on its Alpha project. Around two-thirds of the capex was success-based, due to customer growth. This left the company with annual operating cash flow of EUR 236 million in 2014. Kabel Deutschland forecast further growth in the new fiscal year, on continued growth in broadband and telephony customers and upselling of premium TV products. The company expects mid to high single-digit growth in revenue and adjusted EBITDA and an increase in operating cash flow to over EUR 300 million.
Tags: deutschland
expansion
revenues
broadband
Category:Telecommunications