Report

UNITYMEDIA KBW 3Q16 Results

​German cable operator, Unitymedia reported strong preliminary results which were in line with our expectations. Revenue was up 4.8% to €568m while EBITDA grew by 7.2% to €366m.

UnityMedia provides higher internet speed than its main competitor –Deutsche Telecom. We believe that it can leverage on that to increase pricing with limited churn. Indeed, in spite of the price increases implemented on a significant part of its footprint in 1Q16, the customer base remained broadly stable... 

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Spread Research
Spread Research

​Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

 

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