Jörn Krieger ©RapidTVNews | 18-08-2011
Kabel Deutschland has reached the financial profit zone in the first quarter of its business year 2011/12.
Germany's largest cable TV operator posted a net result of €8.5 million in the period between 1 April and 30 June 2011. In the same quarter of the previous year a loss of €2.5 million was made. Turnover rose by 5.8% to €412.1 million.
The growth was spurred by the strong demand for triple play services: The number of internet and telephony customers rose by 23.5% to 2.66 million. 1.32 million customers have opted for premium TV products (pay-TV/DVR) - an increase by 18.9%. This means that 31% of Kabel Deutschland's customers have now signed up for triple play services, one year ago the share was 26.7%.
The company also wants to post a net profit in the whole business year 2011/12.
100% of Kabel Deutschland's shares are in free float on the Frankfurt stock exchange after financial investor Providence recently sold its remaining share package