ADB Group has said that both its operating profit and cash generation is in line with expectations, though top line growth remains subdued following the earlier reorganisation, which included the scaling down of its terrestrial business.
While both broadband and broadcast division sales had been affected by the current European economic situation, causing operators to hold back on capital expenditure during 2011, ADB said that several of its top ten customers had “good visibility” on 2012 and beyond. US cable, part of the Emerging Business Division, is set to make a growing competition.
The cost of the reorganisation has been put at $6-7 million with an additional $7-8 million resulting from the write-off of engineering developments and inventories of the discontinued businesses.
Separately, Jas Saini, who joined ADB in June 2010 has been named executive vice president for strategy and technology and a member of the executive committee of ADB Group.
