Kabel Deutschland cuts FY sales growth outlook on slow Q1

News Broadband Germany 10 OKT 2013
Kabel Deutschland cuts FY sales growth outlook on slow Q1
German cable network operator Kabel Deutschland has released selected preliminary figures for its second quarter ending 30 September. The Internet & Phone business added 84,000 net subscribers in Q2, representing the strongest Q2 in recent years. Premium TV recovered after a soft Q1 following measures to stimulate demand and sales, adding 55,000 RGUs in the quarter. Premium TV performance in Q2 was affected by the churn of around 15,000 remaining Kabel BW pay-TV wholesale customers. 

Following a slowdown in Q1, revenue returned to growth in Q2 with a EUR 7 million quarter-on-quarter increase. Total revenues for Q2 reached EUR 471 million, up 4 percent from a year earlier, driven by the recovery in Premium TV and strong trends in the Internet & Phone business. 

However, given the shortfall in Q1 and based on a six-month review, it is now unlikely that revenue growth can be caught up for the full fiscal year. As a result, the management now expects revenue growth of 5-6 percent for the full year to end-March 2014, down from around 8 percent forecast previously. 

Categories:

Fixed

Companies:

Kabel BW,  Kabel Deutschland

Countries:

Germany

Tags:

Voice services, Company, Services, Sales figures, Financial figures, Sales, Internet Access, Wholesale, Consumer, Enterprise, Client, Finance

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