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PrimaCom looking for acquisition targets

March 24, 2015 10.10 Europe/London By Jörn Krieger

PrimaCom LeipzigGermany’s fourth-largest cable operator PrimaCom wants to accelerate its growth through further acquisitions following last year’s takeover of DTK Deutsche Telekabel.

“We continue to examine further acquisition opportunities in line with our intention of continuing to play a leading role in the ongoing consolidation of the regional cable media sector in Germany,” PrimaCom CEO Joachim Grendel said at the presentation of the 2014 financial results in Leipzig.

Last year, PrimaCom has grown its revenues by 37.2% to €131.6 million (2013: €95.9 million). The EBITDA climbed by 55.3% to €55.2 million, driven by increased penetration of higher margin digital services (HDTV, internet and telephony). The EBITDA margin rose to 41.9% up from 37.1% in 2013.

Excluding the impact of subscribers gained through the takeover of DTK, Germany’s sixth-largest cable company, PrimaCom grew its revenues by 4.7% to €100.4 million and its EBITDA by 16.7% to €41.5 million.

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Filed Under: Cable, Finance, Newsline, Platforms Tagged With: 2014, acquisition, DTK Deutsche Telekabel, Germany, PrimaCom, results Edited: 25 March 2015 11:47

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About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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