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Kabel Deutschland's net profit down, revenues grow 3.7%
2014-02-05 09:44:00| Telecompaper Headlines
(Telecompaper) German cable network operator Kabel Deutschland (KD) saw its revenues grow 3.7 percent year-on-year to EUR 482 million in the third quarter of its fiscal year 2013/14. The growth was driven by continued increase of broadband and fixed telephony customers. Excluding the public broadcasters carriage fees the year-on-year growth was 5.3 percent. Kabel Deutschland's quarterly EBITDA increased 4.7 percent year-on-year from EUR 220 million to EUR 231 million leading to an EBITDA margin of 47.8 percent. Kabel Deutschland reports a net profit of EUR 33 million for the quarter, down from EUR 73 million, primarily caused by tax expenses of EUR 38 million after deferred tax assets on loss carry forwards were amortized in the second quarter of fiscal Q2. The capex for the quarter amounted to EUR 149 million and the operating free cash flow was EUR 82 million.
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Category:Telecommunications
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