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Networks business boosts Pace performance

Pace's GV4305

Pace’s GV4305

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.

Tags: Pace, UK