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KCOM announces preliminary results 2016/17

6 June 2017

Highlights

  • Results in line with expectations, reduction from last year largely due to continuing
    decline in legacy business and additional cost of the national fibre network outsource
  • Continued investment in fibre network in Hull & East Yorkshire ahead of schedule,
    supporting a 3% increase in consumer sales
  • Enterprise revenue grown by 5%, with top five customers growing by 16%
  • Continued focus on optimising cost base with year-on-year reduction in indirect costs
  • Strengthened management team and organisation, aligned to deliver our medium term
    strategy
  • Strong cash management with favourable year-on-year underlying working capital
    movement
  • Recommended final dividend of 4.00p to make 6.00p per share for the full year

Preliminary results 2016/17