H1 Financial Highlights
Q2 Operating Highlights
1 Excluding exceptional items and amortisation of acquisition intangibles
Dido Harding, Chief Executive of TalkTalk commented:
“We are delighted with the progress we have made in the first half. We have the fastest growing TV business in the UK and we now expect to have nearly 1m TV customers by the end of FY14.
Other new products and TalkTalk Business have also performed well and we delivered our third successive quarter of accelerating revenue growth, allowing us to raise our guidance for full year revenue growth from 2% to at least 3%. We are increasingly confident about the opportunity that we have to deliver sustainable growth by bringing affordable connectivity and innovative new products to Britain’s consumers and businesses. As a result we are also raising our guidance for medium term revenue growth, from 2% to 4%.
Our financial performance in the first half reflects the investment we are making in growth. Sustainable revenue growth, a scale TV business and our proven ability to simplify the business to improve our customers’ experience will create a more profitable business, and we are now confident of our ability to deliver a 25% EBITDA margin by FY17.“