Kabel Deutschland has maintained its recent momentum with increased revenues from internet, phone, and premium TV subscriptions continuing to compensate for the erosion of soft basic subs.
Announcing its financial results for the nine months to December 31, 2010, the company reported a 6.9% increase in revenues that came in at €1,191 million and EBITDA of €540.4 million, an 11% increase.
“We are implementing our strategy on schedule and achieving our objectives. The trend towards Premium TV services is gaining momentum, and demand for high performance Internet and Phone products remains strong. Our attractive offerings enable us to reap the benefits of these developments,” noted Adrian v. Hammerstein, CEO, Kabel Deutschland Holding AG.
The company recorded a €46.7 million loss, largely due to a €47 million one-off cost in connection with a refinancing of corporate bonds.
The total number of Revenue Generating Units (RGUs) increased by 567,000 to 12.495 million as at December 31, 2010 from 11.927 million one year ago. Basic cable subscriptions continued to fall from 9,044,000 in 2009 to 8,929,800 in 2010.
Many of the vast numbers who remain are enjoying an increase in the number of HD channels and the new HD PVR introduced in September 2010. The number of premium TV RGUs increased to 1.222 million from 1.039 million. Monthly ARPU enjoying a corresponding rise to €13.32 from €12.30 in the previous year.
The average Kabel Deutschland customer takes 1.42 products, up from 1.33 in 2009.