After more than 40 years of operation, DTVE is closing its doors and our website will no longer be updated daily. Thank you for all of your support.
Kudelski turns in strong first half
TV technology provider Kudelski Group has turned in a strong first-half performance despite the adverse impact of the strength of the Swiss franc relative to other currencies.
Kudelski reported first half revenues of CHF425 million (€395 million), up 10.4% in constant currency terms, driven by a strong performance in its non-TV-related public access segment, but also by a strong underlying growth in its core digital TV business. The latter grew by 6.8% in constant currency terms, despite the first half of the prior years including a boost from one-time licensing revenues from a Cisco patent licensing agreement. The digital TV business turned in CHF324.4 million in revenues, with operating income for the segment up 17.9% to CHF52.6 million.
Digital TV deals during the first half included a framework agreement with Altice Group.
Overall Kudelski posted operating income of CHF30.4 million, up 9.7%.