Tuesday, June 8, 2010
Renamed Sky crashes into the red
Munich - The balance sheet is not surprising: The pay-TV group Sky (formerly Premiere) is in the second quarter as expected, remained deeply in the red. The loss before interest, taxes, depreciation and amortization amounted to € 63.4 million, announced in the MDAX-listed company.
On balance, the loss was the path is already announced write-down on the previous brand name, with 365.8 million euros from significantly higher. It was necessary only for denbisherigen station names are written off € 254 million.
Furthermore, in the quarter, the costs were dropped because of the preparations for the Bundesliga broadcasts from August and the market launch of Sky gestiegen.Die number of subscribers by the end of June to 2.364 from 2.371 million in the first quarter. Sales fell within the year by 22 percent to 230.6 million euros.
Black figures, the MDAX-companies expected until 2011. For Sky but must include more than three million customers. Analysts had expected for the quarter to 362 million euro loss, 229 million euros and 2.389 million paying customers.