Kabel BW Erste Beteiligungs GmbH
Kabel BW again delivers strong growth
Kabel BW Erste Beteiligungs GmbH / Key word(s): Half Year Results Kabel BW again delivers strong growth – Double-digit total revenue1) and income growth in H1 against previous year – Half-year total revenue1): +10.7% to EUR 300.2 million – Adjusted EBITDA up 16.3% to EUR 175.4 million – Internet/Telephony customers: +25% to 740k – Pay TV RGUs: +39% to 324k Heidelberg. Kabel BW remains on a strong growth path in the first half of 2011. The company generated total revenue (including other operating income) of more than EUR 300 million for the first time ever in a six-month period and also increased the adjusted EBITDA margin to more than 58%. Overall, revenue1) in the first half of the year was up 10.7% compared to the prior-year period and reached EUR 300.2 million (H1 2010: EUR 271.3 million). Adjusted EBITDA saw above-average growth of 16.3% to EUR 175.4 million, another new record (H1 2010: EUR 150.8 million). The adjusted EBITDA margin was 58.4% (H1 2010: 55.6%). Continuing strong customer growth The company also succeeded in maintaining its high pace of new customer growth: The number of Internet/Telephony customers rose by approximately 25% against the end of June 2010 to 740k (30 June 2010: 590k). In the mobile business, the number of contracts including tariff options climbed to 62k. Kabel BW also gained RGUs in the Pay TV business, recording 324k or approximately 39% more RGUs than last year (30 June 2010: 233k). The average revenue per customer and month (ARPU) increased from EUR 17.6 in the second quarter of 2010 to EUR 19.0 in the second quarter of 2011. ‘The number of our Internet/Telephony customers is constantly growing and we are gaining market share every month. The secret of our business model’s success is in the combination of high profitability and an excellent price/performance ratio for our customers,’ said Harald Rösch, CEO of Kabel BW. Key financial and operating figures compared by half year
About Kabel BW: Kabel BW is Baden-Württemberg’s innovative, high-growth provider of fast Internet access, telephony service, and TV (Triple Play). With 2.4 million customers, Kabel BW now ranks as one of the largest cable operators in Europe and serves half of all households in Baden-Württemberg. Kabel BW provides attractive packages offering excellent price performance ratios and very high Internet bandwidths (up to 100 Mbit/s), as well as flat-rate telephony service. Following large-scale modernization of the network, 99 per cent of the 3.6 million homes connected in Baden-Württemberg can already take advantage of the ‘CleverKabel’ offers. In the modernized cable network, there is a total of more than 5 Gbit/s (5,000 Mbit/s) available per household for Internet access, telephony service, and TV. Currently, Kabel BW customers can receive up to 400 TV programs (and 36 HDTV broadcasters) and 150 radio channels via analog and digital transmission. Kabel BW also offers its own video-on-demand services with the ‘Kabel BW Videothek’. For further information please contact: Kabel BW Investor Relations: Kabel BW Public Relations: Disclaimer: Contact: Caroline Hernler Nicole Stein Investor Relations Kabel BW GmbH Im Breitspiel 2-4 69126 Heidelberg Telefon: +49 (6221) 333 1020 E-Mail: ir@kabelbw.com www.kabelbw.de End of Corporate News 18.08.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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