Kabel Deutschland Holding AG Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
For the nine months, the company reported revenue increased by 7.1% to EUR 1,610 million from EUR 1,504 million in the first nine months of the previous year. Adjusted EBITDA grew by 7.8% to EUR 761 million with an adjusted EBITDA margin of 47.2%. Regular capex was EUR 396 million against EUR 400 million a year ago. Operating free cash flow was EUR 326 million against EUR 205 million a year ago. Net profit for the period was EUR 213 million or EUR 2.40 per share against EUR 187 million or EUR 2.11 per share a year ago.
For the fiscal year 2016, the company expects mid to high single-digit revenue growth compared to fiscal year 2015, mid to high single-digit adjusted EBITDA growth compared to fiscal year 2015 and adjusted EBITDA minus Capex to increase to over EUR 300 million from EUR 236 million in fiscal year 2015.