August 18, 2016 | Link to article
Technology provider Kudelski Group saw solid but modest growth from its TV activities contribute to a first-half performance that saw robust overall revenue growth and a big rise in net profit.
The integrated digital TV segment saw revenues grow by 1.7% year-on-year to CHF336.7 million, with what Kudelski described as a stable core digital TV business and strong momentum from Conax.
Conax delivered a strong performance in growth markets such as the Americas and India, with five new contracts.
Overall, for the first half, total revenues and other operating income increased by 11.6% to reach CHF481.8 million, with operating income of CHF33.4 million, down 6.9%. Net income rocketed by 115.2% to CHF21 million.
Kudelski said it had delivered a solid performance thanks in part ot ongoing efforts to optimise its cost structure. The TV business peformed will despite adverse condition in South America and part of Europe.
Key TV wins in the EMEA region included a wide-ranging deal with Altice to deploy its Nagra anyCast Connect product with SFR and Hot, and a deal to deploy cardless content protection for push video-on-0demand services with Nigeria’s National Broadcasting Commission.
For the full year 2016, Kudelski said it expected growing TV segment revenues, driven, in particular, by the expansion of its cybersecurity operations and strong results from IP licensing. Second half TV revenues and operating income are forecasted to be higher than in the first half.