Kudelski posts record FY results, positive outlook UPDATE |
|
|
|
Published
:
Fri, 16 Feb 2007 09:39
|
(updating with further details on divisions, dividend)ZURICH (AFX) - Kudelski SA reported a record full year net profit of 138.53 mln sfr, up from 86.77 mln a year earlier, beating analyst expectations of 129.2 mln sfr.The Swiss digital television technology group cited strong results from public access and new product launches and continued growth in digital television.Looking ahead, Kudelski said it expects total revenues in the current year in the range of 930-950 mln sfr and an EBIT range between 110-125 mln sfr.The group also said it will propose an increased dividend of 0.60 sfr per bearer share and 0.06 sfr per registered share.Kudelski's full year EBIT rose to 150.21 mln sfr from 121.14 mln, beating the 147.3 mln expected by analysts, while revenues reached 694.3 mln sfr, up from 687.1 mln, but falling short of the 734.1 mln average forecast.Kudelski said its digital television operations broke the 500 mln sfr revenue mark for the first time, with particularly robust sales in Europe, which grew 17 pct from the previous year.Public access and new product launches were also strong with its SkiData unit exceeding 2006 objectives both in terms of growth and and EBIT margins thanks to an accelerated market expansion, strong control of the costs and the introduction of attractive product generation.Meanwhile, the group's strategy of offering integrated solutions to leading Pay TV operations has continued to gain market acceptance, Kudelski said. Kudelski was dropped from the SMI in October in a widely anticipated move, after the SWX Swiss Exchange cut the number of stocks in the index from 27 to 26.afx.zurich@afxnews.comjmt/jlw/jmt/jlwCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
|
|
Print this Story
Swiss shares AFX at a glance outlook 