Kabel Deutschland management has put its confidence in achieving year-end EBITDA at the upper end of its €715 to €725 million guidance range. It follows significant increases in the number of internet and telephony subscribers in the quarter to June 30, 2010, growth of 29.1% adding another 260,600 subs year on year to reach 1,155,200. Premium TV RGUs also increased by 12.8% to 125,600.
Revenues increased by 6.1% to €389.5 million compared to €367.2 million in the first quarter of the previous year leading to a quarterly net loss of €2.1 million, down from €10.5 million in 2009. Adjusted EBITDA grew by 11.2% to €176.2 million compared to €158.5 million in the first quarter of previous fiscal year.
A confident Adrian v. Hammerstein, Kabel Deutschland’s CEO, said the cableco had taken 100% of new broadband additions within its footprint: “We continued to drive growth in our New Services even in a soft broadband market. We are adding new products to stimulate the inflow of broadband switchers in our footprint and accelerate growth.”
Kabel Deutschland has confirmed its intention to deregister its US senior notes with the SEC within the next 90 days. The Company believes that the administrative burdens, costs and time associated with being a SEC registrant outweigh the benefits.
