Cyfrowy Polsat: highest results of the Group in history

27 Feb 2014

Cyfrowy Polsat Capital Group noted excellent financial results for the fourth quarter and the whole year 2013, in which revenue amounted to almost PLN 3bn, EBIDTA was above PLN 1bn and net profit amounted to PLN 0.5 bn. Operating results of both business segments were in line with expectations and strategy – Cyfrowy Polsat maintains a stable base of over 3.5 million subscribers and consistently achieves ARPU growth, while Telewizja Polsat increased both audience share and advertising market share. Moreover, high cash flow from operating activity allowed Cyfrowy Polsat to make an additional, partial repayment of debt in the second and third quarters of 2013, in the total amount of PLN 200 million, and thus decrease the indebtedness level to 1.5x net debt/EBIDTA.

  • Number of subscribers of pay TV AT the end of the fourth quarter of 2013 at a stable level of 3.54 million;
  • 83% of subscribers of Cyfrowy Polsat uses HD set-top boxes;
  • Almost 19% of the platform’s subscribers (over 660 thousand) use Multiroom;
  • ARPU of the Familijny Package in the fourth quarter of 2013 increased Y-o-Y by 3.3% to PLN 49.8, and ARPU of Mini Package was PLN 13.5;
  • The churn rate remained at a stable level of 9.5% for the twelve-month period ended December 31, 2013; • The number of users of Internet access increased by 56% Y-o-Y to 235 thousand;
  • Average monthly number of users of IPLA (website and applications) in 2013 was about 3.9 million;
  • Improvement of the revenue structure of the IPLA service - 25% of revenue is generated by the subscription model, 75% – by the advertising model;
  • Number of VOD/PPV transactions in 2013 was 1.1 million, since the launch of the services – 4.6 million;
  • The audience share of Telewizja Polsat Group channels was 23.1% in the fourth quarter of 2013, and 21.1% in the whole 2013;
  • The share of Telewizja Polsat Group channels in the advertising market increased in the fourth quarter of 2013 to 25.5%, and in the whole 2013 – to 24.1%.
Last updated 10/04/2014