KDG reports strong growth ahead of possible sale

German cable operator Kabel Deutschland (KDG) has reported continued growth across the board in 2009, despite the economic downturn.

Cable internet and phone subscribers grew by 48.6% to 1.84 million. New services (pay-TV DVR, internet and phone) are now taken by 24.2% of KDG’s base, with pay-TV subscriber growing by over 10% year-on-year to reach 1.039 million.

KDG’s overall subscriber base grew by 4.8% over the year to reach 11.93 million, with monthly ARPU rising from €11.22 to €12.30. Subscribers took an average 1.33 products at the end of the year, against 1.25 at the end of 2008.

Revenues for the year were €1.114bn, up 9.3% year-on-year. EBITDA grew by 13.8% to €486.4m, and KDG turned in a net profit for the year of €23.1m against a 2008 loss of €48.6m.

KDG’s owners Providence Equity Partners are currently mulling future options, including an offer for the company from BC Partners and CVC Capital Partners.

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