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Broadcast & Satellite

Sky Deutschland FY operating loss falls to EUR 48-58 mln

Monday 21 January 2013 | 11:48 CET | News

Sky Deutschland said it suffered a loss before interest, tax, depreciation and amortisation of between EUR 48 million and EUR 58 million in 2012, according to preliminiary figures. This is an improvement from the negative EBITDA of EUR 155.5 million posted in 2011. Full-year ARPU rose to approximately EUR 31.88 from EUR 30.46 and fourth quarter ARPU went up to 32.70  from EUR 31.29. Complete, audited figures are due to be released on 28 February.

Sky Deutschland also confirmed the issue of up to 20,400,017 new shares at EUR 4.46 EUR each with the aim of raising up to EUR 91.0 million, as announced along with the private placement to parent company News Corp last week. Shareholders will be entitled to subscribe to one new share for every 42 shares already held. News Adelaide will fully exercise its rights pro rata to its 54.5 percent stake.

The subscription period is 22 January to 04 February with rights trading between 22 and 31 January. Trading in the new shares is due to begin on 08 February. The issue will increase the number of nominal EUR 1 shares in Sky Deutschland from 856,800,738 to a maximum of 877,200,755


Categories: Broadcast & Satellite
Companies: Sky Deutschland
Countries: Germany
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