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Sky Deutschland moves to net profit as Q1 sales up 10%

Sky Deutschland moves to net profit as Q1 sales up 10%

Sky Deutschland reported revenues for its fiscal first quarter up 10 percent year-on-year to EUR 431 million. Growth was led by an increase in the customer base, while ARPU was stable at around EUR 34 per month. Sky added a net 96,000 subscribers in the quarter, for a total 3.908 million at the end of September. Customer retention efforts helped reduce quarterly churn to 8.6 percent from 12.5 percent a year ago. EBITDA for the three months to September jumped 86 percent to EUR 54 million, and the net result moved to a profit of EUR 12 million versus a loss of EUR 14 million a year ago. 

Sky said it increased HD users by 75,000 to 2.311 million, and Sky+ users rose by 105,000 to 1.786 million. The number of customer sessions on Sky Go grew by 43 percent year-on-year to 26 million in Q1. 

Sky published its results a day earlier than scheduled to coincide with the expiry of BSkyB’s extended bid for the company. The companies expect the acquisition to close by mid-November. The German provider reiterated its outlook for the 2014/15 financial year, for subscriber net growth of 400,000 to 450,000, EBITDA of EUR 80-110 million and a continued strong increase in revenues.

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