Ono increases sales and EBITDA
Iñaki Ferreras ©RapidTVNews | 11-05-2012
Despite the tough macroeconomic environment and low levels of demand experienced by the market in which it operates, Spain’s main cable operator Ono has enjoyed a relatively robust first quarter of 2012.
At the end of the three month period ended 31 March 2012, Ono reported an increase in EBITDA of 4% to €186 million with margin was stable at 48.6%. The company achieved 5% revenue growth over the same period last year to total of €383 million enabling net profit to grow by 66.2% to €15 million in the first quarter.
By business area, the residential segment had revenues of €292 million, up 1.3% over the same period in 2011. ARPU or average revenue per customer residential fibre went from €51 in the first quarter of 2011 to €52.1, up 2.2% in the same period in 2012.
During the first quarter, the investments made by the company has focused mainly on finalising the deployment of DOCSIS 3.0 in the Canary Islands, which allowed to bring speeds of 50 and 100 megawatts to the Islands, and to extend new services on fibre optic network operator as 200 megs real SMEs and intelligent television, TiVo. Thus, investment in fixed assets (capex) totalled €61 million euros.
The interactive TiVo service deployment is developing ‘successfully’, according to the company. The end of first quarter, more than 60% of households with access to fibre optic network of Ono and the operator will likely offer the product to all of its customers in the coming months.