Group transformation continues, with a progressive transfer of investments towards new growth areas
Restructuring program associated with transformation progressing as planned, with material restructuring costs incurred
Entered into a comprehensive patent license agreement with NFL Enterprises
SKIDATA continuing to consolidate its market leadership, but with higher seasonality than in previous years
Kudelski Security continuing to extend its footprint, especially in Swiss, Austrian, and German markets
IoT establishing secure platform ecosystem and gaining traction
Operating and net loss in first half 2018, and confirmation of full year 2018 guidance with operating income of USD 30 to 45 million before restructuring costs
Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA, July 11th, 2018 - The Kudelski Group (SIX: KUD.S) is providing today a business update summarizing key developments of the first half year.
The Group transformation continues in line with the previously announced shift of revenues from legacy digital TV to new growth initiatives. In this first half, the Group has implemented the transformation measures outlined in the last annual results presentation, aligning its digital TV operations with the new market realities and realizing the initial cost reduction as planned while incurring material restructuring costs.
Conax and NAGRA organizations are now integrated. The two brands will maintain their specific go-to-market strategies, with NAGRA focusing on tailor-made solutions and complex integration projects for larger operators and Conax on lean, off-the-shelf standard solutions. The integration of the two organizations results in a stronger Group product portfolio and the elimination of duplicate positions.
Globally, the Group further streamlined its operations, with significant efficiencies realized, most notably in China, France, Norway, the USA and Switzerland.
The Group continues to expand in the intellectual property licensing space. It announced today that it has entered into a comprehensive patent license agreement with NFL Enterprises. Financial terms were not disclosed.
With about 300 new installations in this first half year, SKIDATA continues to consolidate its market leadership with an installed base of over 10'000 sites. Headlines of this first half include large parking installations such as Detroit Airport, City of San Jose (CA) and the University of Arkansas. SKIDATA continues to experience positive momentum, but with higher seasonality than in previous years.
In parallel, the Group's activities are increasingly expanding out of traditional pay TV into cybersecurity and Internet of Things (IoT) security, addressing increasing market demand.
In addition to its strong US footprint, Kudelski Security is gaining traction in Europe as well. In light of the increased demand for cybersecurity services, the Group has opened a new office in Zurich, to better serve the Swiss German, Austrian and German markets, and established additional partnership with key players in the industry, such as for example Claroty, to extend its managed services offering.
Regarding IoT, an emerging high potential market for Kudelski, the Group continues to invest heavily in establishing its security platform ecosystem. In this first half, it entered into significant partnerships, including in particular with U-blox, to provide tailored security solutions in the consumer, automotive and industrial IoT verticals.
The combination of high seasonality and material restructuring costs resulted in an operating loss and net loss in line with expectations for the first half 2018. The Group confirms its 2018 full year guidance with operating income of USD 30 to 45 million before restructuring costs.
About the Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital security and a provider of end-to-end convergent media solutions to the digital entertainment industry, including services and applications requiring access control and rights management to secure the revenue in digital television, internet, mobile and interactive applications. The Group also offers cybersecurity solutions and services focused on helping companies assess risks and vulnerabilities and protect their data and systems. It also supplies integrated solutions to manage access control of people and vehicles to sites and events. The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA. For more information, please visit www.nagra.com
Media Contacts
C dric Alber
Kudelski Group
Senior Manager Media Relations
+41 79 647 61 71
+1 (415) 962 5005
cedric.alber@nagra.com
Most recent headlines
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Taking the Stage at Carnegie Hall-On a Global Scale Boston Conservatory Orchestra students reflect on their epic concert marking the 80th session of the UN Gene...
22/12/2025
SVG New Sponsor Spotlight: Presidio's Neerav Shah on the Role of Its Captiva...
22/12/2025
Hitting the bullseye: Sky Sports readies itself for the biggest PDC World Darts ...
22/12/2025
Unique skillset: Bringing new directors to the world of darts at The Worlds with...
22/12/2025
Gravity Media prepares for a flight of fancy with the PDC World Darts Championsh...
22/12/2025
One hundred and eighty: Gravity Media on hitting the production bullseye at the ...
22/12/2025
The Famous Group's Jon Slusser on Fascinating Fans Through Immersive Content...
22/12/2025
ESPN's Meg Aronowitz on Continuing High-Quality Broadcasts of Collegiate Spo...
22/12/2025
ESPN Takes Data-Driven Storytelling to New Heights with MNF Playbook with Next ...
22/12/2025
For a decade, popular German podcast Fest & Flauschig has hosted an annual Chris...
22/12/2025
Paramount Scores Largest Share Increase Among Distributors as Paramount and CBS...
22/12/2025
New multi-year deal integrates Roku's data to fuel Nielsen's measurement suite
Roku gains access to Nielsen's streaming ratings, showing The Roku C...
22/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
22/12/2025
Berklee Wrapped 2025: Our Top News and Stories A look back at a year highlighted by faculty milestones, major film and television projects, Bob Dylan's ho...
22/12/2025
The works of Plato state that when humans have an experience, some level of change occurs in their brain, which is powered by memory - specifically long-term me...
22/12/2025
Partnership integrates complementary satellite data and AI analytics to enhance security, infrastructure, and environmental monitoring solutions for global cust...
22/12/2025
Workflows allow you to create a sequence of planned events which may be added to your template(s) or inserted directly into your sequential or background playli...
22/12/2025
Monday 22 December 2025
Sky extends PGA TOUR partnership until 2029, as Sky Spo...
22/12/2025
Back to All News
Global Anime Hits and New Releases Take Center Stage at Jump Festa 2026
Entertainment
22 December 2025
GlobalJapan
Link copied to clipboar...
22/12/2025
Siobh n McSweeney, Rory McIlroy, Elon Musk, Catherine Connolly, Jim Gavin, Ivan Yates and Traitor Paudie Moloney lead new characters for Callan Kicks the Year 2...
22/12/2025
Winner announced in the picturesque surroundings of Wicklow's Avondale Tower and Treetop Walk
Andrew Trimble wins the show in his first series as coach
Th...
22/12/2025
The 2025 winners have been announced today, Sunday 21 December, for Ireland's largest choral competition Choirs for Christmas hosted by RT lyric fm.
Ove...
21/12/2025
Back to All News
Legoshi and Haru's Story Reaches Its Finale: BEASTARS Fin...
21/12/2025
John Shortt named Young Sportsperson of the Year Kerry are the Team of the Year
...
20/12/2025
Atomos announced the immediate availability of a new firmware update for its Ninja TX GO and Ninja TX monitor-recorders, unlocking ProRes RAW recording from the...
20/12/2025
CJP Broadcast has completed the digitisation of the European Gymnastics tape archive, converting 328 tapes containing more than forty years of recorded material...
20/12/2025
Bitmovin, the leading provider of video streaming solutions, today announced the launch of the Stream Lab MCP Server, to give AI agents and large language model...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
20/12/2025
Barack Obama Includes Laufey on His 2025 Favorite Music List The former presidents roundup of books, music, and movies includes a song from the Berklee alums ...
20/12/2025
Study reveals a key hormonal circuit in the kidneys Scripps Research scientists identify the protein that helps kidney cells regulate renin, providing foundatio...
19/12/2025
With Playout Release 2025.4, ToolsOnAir continues to push professional playout w...
19/12/2025
SVG Sit-Down: Diversified's Jared Timmins on AI for Broadcast Sports and Cre...
19/12/2025
2025 SVG Summit Audio Recap: Say What?The Audio Production and Distribution Workshop at the SVG Summit 20 took on issues including speech intelligibility, Next-...
19/12/2025
Gamified fun: Channel 5 on its NFL Big Game Night ambitions with Hungry Bear Med...
19/12/2025
College Football Playoff Preview: For ESPN, Round 1 is a Fantastic Yet Familia...
19/12/2025
AWS's Jason Dvorkin on Developing Partnerships With the NBA and PGA Tour, Em...
19/12/2025
Netflix Kicks Off Packed Sports Week with Paul-Joshua Fight Before Shifting to N...
19/12/2025
SVG New Sponsor Spotlight: Presidio's Nareev Shah on the Role of Its Captiva...
19/12/2025
Mounted to the pylon of an AH-1Z Viper helicopter, a Red Wolf vehicle successful...
Group transformation continues, with a progressive transfer of investments towards new growth areas
