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Cyfrowy Polsat reports strong figures

May 15, 2019 07.27 Europe/London By Chris Dziadul

Poland’s Cyfrowy Polsat gained around 300,000 more multiplay customers and over 500,000 additional contract services in the year to March 31.

At the same time, its churn remained at a record low of 7.2%.

Latest results published by the company show that it ended Q1 with a total of 16,973,770 RGUs, or 2.4% more than a year earlier. It had 5,077,221 pay-TV contracts (+1.9%), of which 1,167,983 (+4.8%) were multiroom.

The group’s revenues in Q1 amounted to PLN2,792 million (€647.9 million), or 19% more than in the corresponding period last year, with EBITDA at PLN1,038 million (+4%) and net profit PLN300 million.

In its comments on the results, Cyfrowy Polsat notes that it launched new attractive offers to the market in the first quarter. They included fixed-line internet access from Plus and cable TV based on IPTV technology, along with the new Evobox IP set-top box.

These all helped to strengthen the group’s multiplay strategy.

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Filed Under: Central & East Europe, Newsline Tagged With: Cyfrowy Polsat, Poland Edited: 15 May 2019 07:27

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About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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