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Investor Releases

Nov 03, 2011

Q3 2011 Selected Operating and Financial Results

Unitymedia Delivers Record Quarter in RGU Growth

Cologne, Germany – November 3, 2011. Unitymedia GmbH (“Unitymedia”), the second largest cable operator in Germany, today provides selected, preliminary unaudited historical and pro forma financial and operating information for the three and nine months ended September 30, 2011. Unitymedia is a subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release is available on Unitymedia´s (www.unitymedia.de) and Liberty Global´s (www.lgi.com) websites. In addition, Unitymedia’s unaudited interim financial statements with the accompanying notes are expected to be posted to both websites prior to the end of November 2011.

The financial and operating information presented for the nine months ended September 30, 2010 is presented on a pro forma basis. Financial and operating information included in this release for all other periods is presented on a historical basis unless otherwise noted. For additional information, see footnote 1 on page 9. Operating and financial highlights for the three months (“Q3”) and nine months (“9M”) ended September 30, 2011, as compared to the results for the same period last year (unless noted), include:

Operating Performance and Highlights:*

  • Best quarterly RGU performance in company history with total RGU net additions of 131,400 in Q3 2011, a 65% increase as compared to Q3 2010
  • Speed leadership and HD/DVR driving accelerated upsell of advanced services into existing video base:
    • Broadband internet base grew by 69,600 RGUs during Q3 2011, a 57% year-over-year improvement and the strongest quarterly growth ever
    • Telephony tracking internet take-up as telephony base increased by a record 68,900 RGUs during Q3 2011
    • Digital video cable RGUs now represent 38% of video base after adding 55,400 RGUs during Q3 2011

Financial Results:*

  • Revenue grew 10% to €260 million in Q3 2011 and 9% to €758 million for 9M 2011
  • Monthly ARPU per customer relationship in Q3 2011 improved 10% to €16.70
  • Adjusted EBITDA increased by 14% to €155 million in Q3 2011 and 18% to €455 million for 9M 2011, representing margins of 60% for both periods
  • Loss from continuing operations was €49 million and €122 million for the three and nine months ended September 30, 2011, respectively
  • Capex represented 26% of revenue for both Q3 2011 and the 9M 2011
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Aug 03, 2011

Q2 2011 Selected Operating and Financial Results

Unitymedia´s Speed Leadership Drives Consumer Demand for Bundled Products

Cologne, Germany – August 3, 2011. Unitymedia GmbH (“Unitymedia”), the second largest cable operator in Germany, today provides selected, preliminary unaudited historical and pro forma financial and operating information for the three and six months ended June 30, 2011. Unitymedia is a subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release is available on Unitymedia´s (www.unitymedia.de) and Liberty Global´s (www.lgi.com) websites. In addition, Unitymedia’s unaudited interim financial statements with the accompanying notes are expected to be posted to both websites prior to the end of August 2011.

The financial and operating information presented for the six months ended June 30, 2010, is presented on a pro forma basis. Financial and operating information included in this release for all other periods is presented on a historical basis unless otherwise noted. For additional information, see footnote 1 on page 9. Operating and financial highlights for the three months (“Q2”) and six months (“H1”) ended June 30, 2011, as compared to the results for the same period last year (unless noted), include:

Operating Performance and Highlights:

  • Continued momentum of accelerated subscriber growth into Q2
  • Total net RGU additions increased 37% to 99,400 in Q2 2011, as compared to 72,600 in Q2 2010
  • Ongoing digital conversion and HD/DVR upsell into existing video base resulted in 43,800 digital video net additions during Q2 2011
  • Current campaigns drove strong growth of broadband internet with 54,500 net additions during the quarter, a 26% year-over-year improvement
  • Telephony base grew by 53,700 RGUs during Q2 2011 to 892,500 RGUs as over 95% of internet additions also took a voice product
  • Increased retail presence to 70 Unitymedia shops in footprint as of June 30, 2011, up from 38 a year earlier to broaden sales channel mix and attract new customers

Financial Results:

  • Revenue increased 10% to €252 million during Q2 and 9% to €498 million in H1
  • As a result of strong revenue performance, quarterly ARPU per customer relationship improved 10% to €16.28
  • Adjusted EBITDA grew by 23% to €154 million in Q2 and 20% to €300 million in H1, representing margins of 61% and 60%, respectively
  • Loss from continuing operations improved 5% to €34 million and 43% to €73 million for the three and six months ended June 30, 2011, respectively
  • Capex was 25% of revenue during Q2 and 26% in H1
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May 5, 2011

Q1 2011 Selected Operating and Financial Results

Unity3play Momentum Driving Unitymedia´s Results

Cologne, Germany – May 5, 2011. Unitymedia GmbH (“Unitymedia”), the second largest cable operator in Germany, today provides selected, preliminary unaudited historical and pro forma financial and operating information for the three months ended March 31, 2011. Unitymedia is a subsidiary of Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK). A copy of this press release is available on Unitymedia´s (www.unitymedia.de) and Liberty Global´s (www.lgi.com) websites. In addition, Unitymedia’s unaudited financial statements with the accompanying notes are expected to be posted to both websites prior to the end of May 2011.

With the exception of information presented as of and for the quarter (“Q1”) ended March 31, 2011, all financial and operating information included in this release is presented on a pro forma basis unless otherwise noted. For additional information, see footnote 1 on page 8. Operating and financial highlights for the three months ended March 31, 2011 as compared to the results for the same period last year (unless noted), include:

Operating Performance and Highlights:*

  • Accelerating subscriber growth in seasonally strong Q1
    • Quarterly RGU net additions of 108,700, reflecting an 18% increase in additions over those in Q1 2010
    • Quarterly subscriber growth was the second highest in company history
    • Successful DSL switcher campaign was continued in Q1 2011 and drove strong growth in the internet and telephony base with a combined 119,300 RGU net additions
  • Advanced service RGUs increased 21% year-on-year, reaching 3.27 million RGUs as of March 31 or 53% of total RGUs
  • Digital penetration, benefitting from strong demand for HD/DVRs and HD programming, reached 36% of total video base at Q1 2011
  • Launched CI+ module in March to further convert analog video base

Financial Results:*

  • Revenue increased 8% to €246 million, with ARPU per customer relationship improving 7% to €15.75
  • Adjusted EBITDA grew by 18% to €146 million, representing our best quarterly performance since we were acquired by Liberty Global
  • Cost discipline and operating leverage are contributing to Adjusted EBITDA margin improvement of 500 basis points to 59% of revenue
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