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Pace profits improve on lower revenues in H1

Tuesday 28 July 2015 | 12:25 CET | News
Pace reported first-half revenue down 5.3 percent from a year earlier to USD 1.08 billion, in line with the company's expectations. The set-top box maker's gross margin improved to 23.2 percent from 21.6 percent a year ago, helped by a better product mix, and adjusted EBITDA rose 11.0 percent to USD 118.0 million, benefiting from supply chain and cost improvements. Net profit jumped 54.2 percent to USD 85.4 million, and adjusted EPS rose 11.4 percent to 28.4 cents. Free cash flow fell slightly to USD 93.9 million from USD 108.9 million a year ago, while net debt fell sharply, to USD 2.3

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Categories: Broadcast & Satellite
Companies: Arris / Pace
Countries: World
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