CHESEAUX, Switzerland -- The Kudelski Group (SIX: KUD.S), the worldâ€™s leading provider of media content protection and value-added service technology, announced today its 2012 annual results.
Total annual revenues and other operating income reached CHF 860.3 million. The 3.4% revenue reduction was partly driven by the 2011 divestment of the audio business, Polyright, EmbedICs, Medioh and Nagra Thomson Licensing. The lower other operating income reflects a reduction of innovation subsidies to French operations.
At CHF 35.7 million, the reported operating income for the year increased by CHF 10.3 million from the previous year, while the Group restored profitability with a CHF 16.1 million net income.