Kudelski has reported increased revenues for 2009 after a number of key conditional access clients were moved to the company’s new service model in the first half of the year. The result was that second half revenues contributed to an increase in top line figures. Total revenues increased by 2.3% in 2009 to SFr 1,060.8 million (€725.21 million), despite the effects of the weakening Euro. The figures contributed to a net income of SFr 51.1 million after 2008’s SFr 7 million loss.
Within the Digital TV segment, full-year revenues rose by 3.6% to SFr 685 million. Sales were particularly strong in the second half of the year, growing by 27.3% on the first half. In a statement Kudelski said growth from the digital sector was likely to sustain growth in the group as a whole for several years. The company has been looking towards common interface modules, mobile TV content protection and widget creation to expand its influence in the sector. However, it warned that the integration of the OpenTV middleware business may depress revenues during 2010.
Three new agreements have bee announced: with FLO TV to provide OpenCA conditional access for its mobile TV services in the US, China and Italy; TV Globo in Brazil for its TVDR DTH project and the Finnish Telco Elisa, which will deploy Nagra Media Access conditional access on its new IPTV project.
Separately, OpenTV has reported year-end revenues of $120.0 million (€88.43), an increase of 3.0% compared to $116.5 million in 2008.