Conax boosts Kudelski performance

BBTV News - Conax boosts Kudelski performance - updated

The group’s Integrated Digital TV (iDTV) revenues increased by 9.8% to CHF648.4 million in 2014, representing a 10.2% constant currency growth.

The European iDTV sector posted constant currency growth of 3.1%, while Southern European markets, including Italy, Spain and Portugal, started to recover following the decline of the previous years, increasing their revenue contribution from 2013.

With the addition of Conax, the group significantly strengthened its position in Scandinavia and in some key Eastern European markets.

However, the group’s Northern European markets experienced lower growth compared to the previous year, with the UK, Germany, France and the Netherlands posting lower 2014 revenues.

The Americas region generated constant currency growth of 12.5%, with revenues reaching CHF274.7 million in 2014, while the Asia/Pacific and Africa region posted constant currency growth of 19.1%, reflecting strong momentum in the second half of the year.

Overall, operating income from the iDTV segment improved by 25.8%, reaching CHF71.8 million in 2014.

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