Kudelski on the up

Kudelski has posted revenues of CHF425 million (€395 million) for the first half of the year, or 6.2% more than in the same period in 2014.

Its operating income was up by 9.7% to €30.4 million over the same period, while its net income of CHF9.8 million in H1 contrasted with one of only CHF0.6 million a year earlier.

The group notes that compared to the strong first half 2014, which was supported by the one-time licensing revenues from the Cisco patent licensing agreement, integrated Digital TV segment (iDTV) constant currency revenues for the first half 2015 grew by 6.8.

They benefitted in particular from the underlying growth of the core digital TV business, to CHF324.4 million.

Meanwhile, operating income for the segment improved by 17.9%, reaching CHF
52.6 million.

Looking to the future, Kudelski expects H2 iDTV revenues to be higher than those in the first half. It has updated its total revenue guidance from CHF845 to 875 million to a new range of CHF920 to 940 million.

It has also raised its operating income guidance from CHF50 to 65 million to CH70 to 80 million.