Jörn Krieger | 06-08-2013
Pay-TV broadcaster Sky Deutschland is growing faster, having won 47,900 new subscribers in Q2 2013 – more than in the same period last year (47,100).
This brings Sky's total subscribers to 3.45 million compared to 3.13 million in Q2 2012.
Turnover rose by 15% to €375.4 million compared with last year with the operative result (EBITDA) climbing by 60% to €36.8 million. Below the line, it saw a loss of €900,000– considerably less than in Q2 2012 when the loss amounted to €13.8 million.
HDTV remained a key growth factor with the number of Sky Premium HD subscriber rising by 83,600 to 1.7 million. This means that almost half of all Sky customers (49.1%) have now opted for the HD proposition. In total, Sky currently offers 69 HD channels with further services to follow. The next addition will be Universal Channel HD on 5 September 2013.
"We had a great second quarter with continued strong operational and financial performance highlighted by a positive quarterly and half-year EBITDA," CEO Brian Sullivan commented. "With Bundesliga exclusivity, an unrivalled sport offering, great new channels, innovative products and a significantly expanded distribution position, we have set the stage for the second half of this year and beyond."
Sky expects the EBITDA to be positive throughout the full year 2013 and continue to grow strongly thereafter. However, the company still isn't saying when it expects to reach black figures below the line.