Feb 13, 2014
Conax has announced strong annual growth in 2013. The Scandinavian security provider has secured customer contracts with 26 new pay-TV operators and telcos in 2013 in Latin America, Africa and India. Conax technology has a global reach of 85 countries. The security provider closed 2013 with a strong year-on-year revenue growth of 10%, year-on-year EBITDA growth of 5% and a robust cash flow margin of 32%. Q4 revenues grew by 14% from the same quarter in 2012 and the company enjoyed a 33% Q4 EBDITA growth versus Q4 2012.
In 2013, Conax deployed advanced multi-screen platforms and launched key new initiatives and solutions including security-hardened MS PlayReady DRM, Conax Cardless and a new strategic partner program – further strengthening the technology company’s unique position in the digital TV services value chain for providing total service protection.
“We have received a tremendous amount of positive feedback on our 2013 initiatives and are quickly seeing the fruits of our labor materialize into new business,” claimed President and CEO, Morten Solbakken. The market is very positive about our direction.”
“Capitalising on our momentum and the Conax strong security brand, in 2014 Conax will continue to cultivate its broad solutions portfolio by leveraging complementary technologies and strategic partnerships. We will continue to offer new solutions for advanced operators keen to tap new market segments and developing markets looking to position for the future.”