Germany’s fourth-largest cable operator PrimaCom wants to accelerate its growth through further acquisitions following last year’s takeover of DTK Deutsche Telekabel.
“We continue to examine further acquisition opportunities in line with our intention of continuing to play a leading role in the ongoing consolidation of the regional cable media sector in Germany,” PrimaCom CEO Joachim Grendel said at the presentation of the 2014 financial results in Leipzig.
Last year, PrimaCom has grown its revenues by 37.2% to €131.6 million (2013: €95.9 million). The EBITDA climbed by 55.3% to €55.2 million, driven by increased penetration of higher margin digital services (HDTV, internet and telephony). The EBITDA margin rose to 41.9% up from 37.1% in 2013.
Excluding the impact of subscribers gained through the takeover of DTK, Germany’s sixth-largest cable company, PrimaCom grew its revenues by 4.7% to €100.4 million and its EBITDA by 16.7% to €41.5 million.
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