Telecoms company TalkTalk (TALK.L) today announced that for the sixth year in a row it has increased first quarter revenue. Revenue was up 3.1% for the period and the company says it is confident in its 2015 full year guidance. TalkTalk also stated that it sees full year dividend up by no less than 15%.
Over the period the company recieved a boost from new customers, during the period the group added 24,000 new mobile customers, 185,000 new TV customers and 34,000 new fibre customers.
Financial Highlights
Total revenue up 3.1% year-on-year to £434m (Q1 FY14: £421m)
On-net revenue up by 5.2% year-on-year to £322m (Q1 FY14: £306m)
Corporate revenue up by 10.0% to £88m (Q1 FY14: £80m)
On-net ARPU stable at £26.36 (Q1 FY14: £26.28)
£819m refinancing completed; new RCF and successful US Private Placement
Operating Highlights
23,000 on-net net adds , taking total on-net base to 4.08m
24,000 new mobile customers added, taking base to 308,000
34,000 new fibre customers added, taking base to 241,000
1,800 new EFM/Ethernet lines added, taking base to 19,000
Dido Harding, Chief Executive of TalkTalk commented: Our strategy for growth continues to deliver according to plan, and we are delighted to report another quarter of base growth and year-on-year revenue progress, including continuing strong momentum in new products such as TV, and data services in TalkTalk Business. Importantly, we have also continued to reduce churn on our on-net base, with a third consecutive quarter of improvement, as we continued to improve our customers’ experience and drive increased loyalty through new products. We expect revenue growth to again, build through the year and we are on track to deliver our FY15 revenue and margin guidance, and medium term financial targets.
Telecoms company TalkTalk (TALK.L) today announced that for the sixth year in a row it has increased first quarter revenue. Revenue was up 3.1% for the period and the company says it is confident in its 2015 full year guidance. TalkTalk also stated that it sees full year dividend up by no less than 15%.
Over the period the company recieved a boost from new customers, during the period the group added 24,000 new mobile customers, 185,000 new TV customers and 34,000 new fibre customers.
Financial Highlights
Operating Highlights
Dido Harding, Chief Executive of TalkTalk commented:
Our strategy for growth continues to deliver according to plan, and we are delighted to report another quarter of base growth and year-on-year revenue progress, including continuing strong momentum
in new products such as TV, and data services in TalkTalk Business. Importantly, we have also continued to reduce churn on our on-net base, with a third consecutive quarter of improvement, as we continued to improve our customers’ experience and drive increased loyalty through new products. We expect revenue growth to again, build through the year and we are on track to deliver our FY15 revenue and margin guidance, and medium term financial targets.
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