FRANKFURT, Aug 14 (Reuters) - Kabel Deutschland on Wednesday reported worse-than-expected core profit for itsfiscal first quarter, ending June 30 as extra investments ininfrastructure and marketing weighed.
The company, which is in the process of being bought byVodafone, reported earnings before interest, taxes,depreciation and amortisation (EBITDA) of 217 million euros($287.23 million).
That was below average analyst expectations of 226 millioneuros in a Reuters poll and even missed the most pessimisticestimate of 220 million euros.
Germany's biggest cable company, said it expects its 2013/14revenue to increase by about 8 percent, while the adjustedEBITDA margin is still seen at about 48 percent.
Vodafone (VOD)