Kudelski expects higher revenues

Kudelski's financial outlook is healthy Keystone Archive

The Swiss group, Kudelski, estimates that its sales have increased over 25 per cent this year, and expects profits of more than SFr75 million ($46.1 million).

This content was published on December 17, 2001 - 13:24

André Kudelski, the digital technology company's CEO, said on Monday revenue for 2001 should reach SFr450 to 500 million.

The Cheseaux-based company recently signed a number of new deals, which may provide a solid basis for ongoing sales growth. Kudelski expects sales to continue to rise in 2002, increasing again by one quarter.

Profits could also reach SFr130 million next year. This number does not, however, take into account the merger between the American companies Echostar, Kudelski's main customer, and DirecTV.

Merger needs approval

The merger of the two satellite television delivery services still has to be approved by federal authorities in the United States.

Kudelski also expects to continue its acquisition policy.

"We have some very interesting projects in the pipeline," said André Kudelski. "We are aiming for the convergence of our activities."

The group has already set aside funds for its future development, some SFr300 million in liquidities. Its capital could also be restructured, either by an increase of the shareholder base or a convertible loan, according to Kudelski.

Turnover for Kudelski was nearly SFr360 million last year, and profits reached SFr66 million.

swissinfo with agencies

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