DGAP-News: Kabel BW shows strong growth in Q1
(firmenpresse) - DGAP-News: Kabel BW Erste Beteiligungs GmbH / Key word(s): Quarter
Results
Kabel BW shows strong growth in Q1
26.05.2011 / 11:15
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- Revenue and other operating income: + EUR 17 million to EUR 150 million
(+13% yoy)
- Adjusted EBITDA: + EUR 12 million to EUR 87 million (+16% yoy)
- Internet and Telephony customers: +147k to 705k (+26% yoy)
- Pay TV RGUs: +98k to 308k (+47% yoy)
Heidelberg, 26 May 2011. Germany's third largest cable operator Kabel BW
has released its first quarter results for 2011. Revenue and other
operating income increased by approximately EUR 17 million in the first
quarter of 2011 to EUR 150 million (Q1 2010: EUR 133 million). The average
revenue per customer and month (ARPU) increased from EUR 17.1 in the first
quarter of 2010 to EUR 18.8. Once again Kabel BW has over-proportionally
increased the adjusted EBITDA: with EUR 87 million the company succeeded
previous year's level by 16 per cent (Q1 2010: EUR 75 million). Thus Kabel
BW improved its adjusted EBITDA margin to 58 per cent (Q1 2010: 56 %).
Since the end of March 2010, Kabel BW has gained approximately 147k more
Internet and telephony customers for a total of 705k customers, an increase
of 26 per cent. In the first quarter of 2011 this number increased by 41k
customers, exceeding the average growth of the preceding three quarters
(approximately +35k). Kabel BW posted an exceptionally large growth rate of
47 per cent in the Pay TV business, with 98k more RGUs for a total of 308k
(March 31 2010: 210k). Positive results continued to accrue from the
rapidly growing number of rental HD receivers and HD recorders, from Kabel
BW's own pay TV package 'MeinTV,' and from the partnership with Sky.
The total number of customers grew from 2.316 million in the first quarter
of 2010 to 2.368 million in the first quarter 2011. Currently, about 30 per
cent of all TV customers also use Internet and telephony services from
Kabel BW. 'We maintained our high rate of growth in the first quarter, and
we're tapping into additional potential for growth with video on demand,
the expansion of the cell phone business, and the development of the
business customer segment,' said Harald Rösch, CEO of Kabel BW.
The complete first 3 Months Report 2011 will be available for download on
the Investor Relations website of Kabel BW (http://ir.kabelbw.com) from
15:00 CET today. The company will host a conference call for registered
institutional investors and analysts at 16:00 CET. Please note that the
majority of the information published on the IR website will be password
protected. Kabel BW thus suggests an early registration for a password to
its investors.
Key Financial and Operating Figures Compared by Quarter (according to
IFRS, unaudited)
Q1 2010 Q1 2011 Change Change* Other operating income: Material sales from stock, received
(abs.) (%)
Revenue and other operating 132.9 150.2 +17.3 +13.0
income* (in EUR m)
Av. revenue per customer and 17.1 18.8 +1.7 +9.9
month (ARPU) (in EUR)
Adjusted EBITDA** (in EUR m) 75.0 87.1*** +12.1 +16.1
Adjusted EBITDA margin**** (in 56.4 58.0 +1.6 - -
%)
EBIT (in EUR m) 43.2 49.8 +6.6 +15.3
EBIT margin**** (in %)32.5 33.2 +0.7 - -
Internet/Telephony customers as 558 705 +147 +26.3
of March 31 (in k)
Pay TV RGUs as of March 31 (in 210 308 +98 +46.7
k)
Basic cable customers as of 2,299 2,322 +23 +1.0
March 31 (in k)
Unique customers as of March 31 2,316 2,368 +52 +2.2
(in k)
commissions, received bonuses, advertising subsidies and other
** Adjusted EBITDA: Adjusted EBITDA which is not a defined term under
IFRS is used by management to evaluate the
Group's performance. Prior-year figures include pro-forma
adjustments in accordance with IFRS for purposes of
comparison
*** Adjustment includes EUR 1.8 million from one-time charges
**** Margin of adjusted EBITDA and EBIT in per cent based on revenue and
other operating income
For further information please contact:
Kabel BW Investor Relations
Caroline Hernler
Phone +49 (6221) 333 1020
Email ir(at)kabelbw.com
Nicole Stein
Phone +49 (6221) 333 1020
Email ir(at)kabelbw.com
Kabel BW Public Relations
Martin Herkommer
Phone +49 (6221) 333 2060
Email presse(at)kabelbw.com
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 cable-equipped households 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 30
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.'
Disclaimer:
This press release contains statements regarding the future development of
Kabel BW. These forward-looking statements are based on the current
expectations, assumptions, and forecasts of the board of management and the
information currently available to it and have been made according to the
best of its knowledge and belief. With respect to such forward-looking
statements, Kabel BW can neither provide any guarantee nor assume any
liability for the realization of the future developments and results
referred to in those statements. Future developments and results depend on
a large number of factors. These involve risks and uncertainties that are
beyond the influence of the company and are based on assumptions that may
prove to be incorrect or irrelevant. Without prejudice to any legal
obligations to amend forecasts, we assume no obligation to update the
forward-looking statements made in this report.
End of Corporate News
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126323 26.05.2011Unternehmensinformation / Kurzprofil:
Datum: 26.05.2011 - 11:15 Uhr
Sprache: Deutsch
News-ID 34222
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