Caiw revenues grow almost 13% in 2015, net loss increases

Friday 17 June 2016 | 16:35 CET | Background
Dutch telecom service provider Caiw saw its revenues grow by 12.6 percent during 2015 to end the year with EUR 99.71 million, according to its annual report for 2015 recently filed at the Dutch Chamber of Commerce. The revenue growth was driven by the uptake of triple play via fibre as well as an increase in Caiw’s customer base due to the transfer of former Ziggo customers on the Cogas network in Eastern Netherlands in the beginning of 2015. Caiw’s EBITDA decreased by 30 percent to EUR 1.4 million, due to increased infrastructure costs, marketing&sales costs and one-off costs to finance the transfer of Ziggo customers. Caiw’s net loss for 2015 amounted to EUR 9.9 million, 30.6% more than EUR 7.6 million in 2014.

During 2015, residential revenues increased its share to 96 percent of all revenues, growing by 18.8 percent to EUR 95.5 million. The largest contributor for residential revenues is revenues from bundled offers, growing by 70.8 percent during the year to EUR 62.13 million. Revenues from non-bundled TV services decreased by almost 26 percent to EUR 24.5 million,  non-bundled broadband revenues dropped by 32 percent to EUR 5.8 million and non-bundle telephony service revenues decreased by almost 50% to EUR 1 million in 2015.

Caiw’s TV customer base ended 2015 with 198,000 subscribers, decreasing by 5.7 percent during the year. At the same time, its broadband customer base grew by almost 48 percent to 142,000 and its fixed telephony base increased by 53 percent to 124,000. The growth came mostly from the transfer of former Ziggo customers on the Cogas network during the first months of 2015. Caiw reports a total of 464,000 RGUs for 2015, growing by 77,000 or 19.9 percent compared with 2014. At the same time, the ARPU per customer grew from EUR 31.25 to EUR 38.3.

For 2016, Caiw expects improved financial results due to growth RGUs, customers and ARPU during 2015. Caiw’s owner CIF’s plans to deploy fibre in rural areas, with the first homes activated expected in 2016, will enable Caiw to gain more customers.

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