DGAP-News: Kabel BW: Number of Internet&Telephony customers increased by 25%
(firmenpresse) - DGAP-News: Kabel BW Erste Beteiligungs GmbH / Key word(s): Quarter
Results
Kabel BW: Number of Internet&Telephony customers increased by 25%
10.11.2011 / 09:53
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Kabel BW: Number of Internet&Telephony customers increased by 25%
- Third quarter figures: growth rate of previous periods continued
- Total Revenue1): +10.8% on EUR 456.4 million
- Adjusted EBITDA: +15.3% on EUR 268,1 million
- Pay-TV: RGUs (revenue-generating units) strongly improved by 36%
year-on-year
- Total number of RGUs increased by 477k to 4.3 million year-on-year
Heidelberg. Kabel BW continued its high growth rate in all product groups
during the first nine months of the current year. Once more, total
revenue1) reached double-digit growth in 2011 and, compared to previous
year, increased by 10.8% to EUR 456.4 million during the first nine months
(Jan.-Sep. 2010: EUR 411.9 million). Furthermore, adjusted EBITDA grew even
stronger than total revenue1) and rose by 15.3% to EUR 268.1 million
(Jan.-Sep. 2010: EUR 232.5 million). Due to Kabel BW's improvement in
profitability, the company achieved an adjusted EBITDA margin of 58.7% for
the first time (Jan.-Sep. 2010: 56.5%).
Mobile RGUs achieve strong growth
Including all product groups (TV, Pay-TV, Telephony, Internet and Mobile),
the number of RGUs increased by 477k to 4.3 million compared to the end of
September 2010. Kabel BW also recorded a considerable increase of 25% in
the number of Internet/Telephony customers at the end of September 2011. A
total of 779k customers surfed with a bandwidth of between 12 MBit/s and
100 MBit/s at the end of September 2011 (30.09.2010: 624k). This means that
almost every third basic cable customer already uses Internet and telephony
services provided by Kabel BW - by far the largest number served by any
German cable network provider. Many customers are now also telephoning and
surfing the web with Kabel BW's mobile services: The mobile business
expanded by 75k to 76k RGUs (30.09.2010: 1k).
The highest growth rate is shown by our Pay-TV business which improved by
more than +36% to 353k packages and rental boxes (RGUs) (30.09.2010: 259k).
This strong increase mainly results from our own Pay-TV offer ('Mein TV'),
the cooperation with SKY and the HDTV portfolio with 40 HD channels - an
absolute record in Germany. The average revenue per customer and month
(ARPU) increased in the third quarter of 2011 versus the previous year from
EUR 17.8 to EUR 19.3.
New customers: Kabel BW grew stronger than ever before
'We are able to sustain our growth momentum on a high level', is how Harald
Rösch, CEO of Kabel BW, described the situation. Never before, Kabel BW
could win more new customers for Internet and telephony services during the
last twelve months compared to the same previous periods. 'It is crucial
that our growth brings added value and that our profitability is increased
continuously', Rösch emphasised. Accordingly, the newly created business
segment, that is associated with higher revenue and margins per customer,
is developing in a highly positive manner. 'We are gaining more than 300
new customers a month in this highly attractive area of business. These
customers appreciate our reliable and high-performance infrastructure as
well as our service guarantees' said Rösch. The company intends to continue
its strong growth path in the fourth quarter due to the fastest Internet
speeds in Baden-Württemberg, new products such as CleverAll (including
Television, Internet, Telephony and Mobile), an expanding Business sector,
Video-on-Demand ('Kabel BW videotheque'), interactive TV and Germany's
largest HDTV range.
The company will host a conference call and webcast for registered
institutional investors and analysts from 15:00-16:00 CET today. The
complete 9 Months Report 2011 will be available for download on the
Investor Relations website of Kabel BW (http://ir.kabelbw.com) ahead of the
call. 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 nine month period
(unaudited, financial information according to IFRS)
Jan. - Jan. - Change Change1)Including other operating income
Sep.2010 Sep.2011 (in %)
Total revenue and other operating 411.9 456.4 +44.5 +10.8
income2) (in EUR m)
Avg. revenue per customer and 17.8 19.3 +1.5 +8.4
month (ARPU) (in EUR)3)
Adjusted EBITDA4) (in EUR m) 232.5 268.1 +35.6 +15.3
Adjusted EBITDA margin5) (in %) 56.5 58.7 +2.2
EBIT (in EUR m) 125.2 155.3 +30.1 +24.0
EBIT margin5) (in %) 30.4 34.0 +3.6
Internet/Telephony customers as 624 779 +155 +25
of 30 Sep. (in k)
Pay-TV (RGUs) as of 30 Sep. (in 259 353 +94 +36
k)
Basic cable customers as of 30 2,314 2,322 +8 +<1
Sep. (in k)
Unique customers as of 30 Sep. 2,343 2,385 +42 +2
(in k)
2) Other operating income: Income from release of provisions and accruals,
income from dunning charges,
income related to other periods and sundry other operating income
3) ARPU for the third quarter in each case
4) 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 5.0 million from one-time charges
for the first nine months of 2011 and one-time gains of EUR 1.4 million for
the first nine months of 2010.
5) Adjusted EBITDA and EBIT in per cent of total revenue and other
operating income
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 40 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:
Nicole Stein und Caroline Hernler, Tel.: +49 (6221) 333-1020,
ir(at)kabelbw.com
http://ir.kabelbw.com
Kabel BW Public Relations:
Maurice Böhler und Melanie Degueldre-Beyer, Tel.: +49 (6221) 333-2060,
presse(at)kabelbw.com
http://presse.kabelbw.com
Disclaimer:
This IR release may contain 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.
Contact:
Caroline Hernler
Nicole Stein
Investor Relations
Kabel BW GmbH
Im Breitspiel 2-4
69126 Heidelberg
Telefon: +49 (6221) 333 1020
E-Mail: ir(at)kabelbw.com
www.kabelbw.de
End of Corporate News
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