AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From Hugin)
Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Performance up to date in line with management expectations
Positive business developments during first quarter 2009
Full order backlog confirmed for the first half of the year
Guidance for 2009 confirmed
Geneva - 23 April 2009
Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) reported today an update on the development and selected results of its Q1/2009 business.
The Group's business progressed favourably during the first quarter of 2009, driven mainly by the strong demand from cable and satellite segments. A visible shift towards high-end products needed by increasingly sophisticated services offered by the operators continued, growing the Group's revenue proportion from high-definition (HD) and PVR set-top boxes. Consequently, the sales of HD-TV products represent today a significant majority of the Digital TV Segment Equipment revenue, while those equipped with the PVR function generate slightly more than half of it.
The Group recorded also the sales of its IPTV products …