(All financial figures on this page as of March 31, 2010)
Growth and high investments in new business areas
Against a difficult economic environment the Company, which completed its IPO on March 22, 2010, reported a sharp rise in revenues and earnings. Adjusted EBITDA rose 15.4% to €659.1 million (previous year €570.6 million).
Revenues were up nearly 10% to €1,502 million (previous year €1,370 million).
The company continued to make significant investments (capex) in its cable network and customer acquisition, spending a total of €327.2 million, compared to €373 million the previous year. Operating free cash flow (EBITDA minus capex) was €331.9 million, up 68% from the previous year’s €197.6 million. Net result for the year amounted to a loss of €45.3 million, a significant improvement on the previous year’s loss of €144.3 million.
Internet and Phone as growth drivers
Kabel Deutschland saw particularly good growth in Internet and Phone products. The number of Internet and phone RGUs rose almost 40% to 1,973,000 (previous year: 1,418,000). These subscriptions were taken out by 1,097,000 subscribers (previous year 806,000), an increase of 36.1%. Internet and Phone products contributed considerably to the Company’s success. The number of Premium TV RGUs increased by 11.5% to 1,073,000 units (previous year 963,000 RGUs).
Total number of RGUs up by 421,000
The total number of RGUs rose to 12.05 million, from 11.63 million the previous year. The profitable Premium TV, Internet and Phone products accounted for 25.3% of these, up from the previous year’s 20.5%. At the end of the fiscal year on March 31, 2010, the company had a total of 8.9 million customers.
Monthly ARPU rises again
Total blended monthly ARPU per subscriber (ARPU) was up significantly to €12.13 in fiscal year 2009/2010, from €11.06 the previous year.
The percentage of customers subscribing to more than one Kabel Deutschland product also increased again: at the end of fiscal year 2009/2010 the average subscriber booked 1.35 RGUs (previous year 1.27).