Big deals boost Kudelski performance

Extensions of agreements with big pay TV groups including Liberty Global, Altice and Dish Network, and strong growth in emerging pay TV markets helped push TV technology group Kudelski’s revenues and profits up significantly last year.

Kudelski reported revenues of CHF950.8 million (€862 million) for the year, up 7.2% , or 11.1% at constant currency. Operating income was up 32.7% to CHF81.2 million, while net income was up 47.7% to CHF49.3 million.

The company said it expected revenues of around CHF1 billion for 2016 and operating income of between CHF75 million and CHF90 million.

Kudelski said it expected to benefit from solid momentum in key south-eastern Asian markets, with conditions expected to be more challenging in Europe and South America.