ADB has posted revenues of $381 million (€276.9 million) for the full year 2009, or 5.6% more than for 2008. This was in line with expectations given in a business update last October.
Adjusted EBIT meanwhile grew by 42.9% year-on-year to reach $27.7 million, or 7.3% of the revenue, and was ahead of group expectations.
ADB ended last year with a gross cash position, including available for-sale investments, of $100.3 million ($71m in 2008), net cash position of $69.3 million ($43.8 million) and net current asset position of $42.1 million ($38 million).
Separately, Telekom Austria has introduced advanced ‘connected home’ capabilities on its aonTV IPTV service using ADB set-top devices and software technology.
