Strong growth from its networks business and a rebound in its consumer premises equipment business in the second half has boosted UK TV technology provider Pace’s full-year 2014 performance. The company posted revenue up 6.1% to US$2.62 billion (€2.34 billion) and adjusted EBITA up 24.5% to US$241 million.
Pace reported a 231.1% increase in non-CPE revenue to US$376.8 million due to the contribution of the networks business, while its pay TV consumer premises equipment business saw strong growth in the second half, offset by a weaker first-half performance resulting in a 4.8% decline in CPE revenue to US$2.243 billion.
Pace now expects 2015 revenues to amount to aobut US$2.75 billion and adjusted EBITA to be in the region of US$255 million.
CEO Mike Pulli highlighted the contribution of the business of Aurora Networks, the cable network access business acquired by the company in 2013.
ITV America ups Heath Banks to COO digitaltveurope.com/2020/10/01/itv… https://t.co/rtkGBsmNnH
01 October 2020 @ 16:30:00 UTC
01 October 2020 @ 16:07:00 UTC
01 October 2020 @ 15:46:03 UTC
01 October 2020 @ 15:42:18 UTC