August 20, 2013 Europe/London By Chris Dziadul
The Americas provided Kudelski with more integrated digital TV (iDTV) revenues than any other region for the first time in a decade in the first half of this year.
Results published by the company show that the crisis and weak consumer sentiment continued to impact on its iDTV business in Europe.
As a result, revenues slumped by CHF11.7 million (€9.5 million) to CHF121.6 million in H1 – an 11% reduction in constant currency terms.
The effect was particularly pronounced in Italy, where revenues halved, while in Germany they fell as the market in H1 2012 had benefited from the one-off effect of Astra switching off its analogue satellite signal and the resulting increase in digital TV receivers and from higher deployments by Sky Deutschland.
In the Americas, on the other hand, iDTV revenues rose by 10.7% in constant currency to reach CHF129.3 million in H1 this year.
In North America, a large number of new smart cards delivered to Dish Network underpinned the top line.
Elsewhere, the Asia/Pacific and Africa region posted a 3.4% constant currency revenue decline due to the Abilis divestiture.
Growth was seen in markets such as Tanzania (BTL launch of its digital TV services) and Indonesia, but revenues in India declined.
Significantly, iDTV operating revenues recovered strongly in H1 this year to CHF32.87 million, compared to CHF11.7 million in the same period in 2012.