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KCOM Group PLC (KCOM.L) Interim Management Statement 2012

KCOM Group today issues its interim management statement.

Current trading

The Group’s performance remains consistent with trading reported at the interim results, as announced in November 2011. Strong cash generation has been maintained, leading to a further reduction in net debt

Ongoing initiatives to drive growth, including the roll out of fibre-based 100mbps broadband within our East Yorkshire network area, continue to make progress. The focus for the Kcom brand continues to be to secure recurring revenue to support our objective of driving long term sustainable growth.

The Board reiterates its commitment to delivering a minimum 10 per cent per annum dividend growth in this and the subsequent financial year, reflecting its confidence in maintaining current performance.

About KCOM PLC

KCOM Group PLC is a leading provider of communications services to organisations and consumers, serving customers through four market focused brands.

KC provides a range of telephony and broadband services to consumers and businesses in Hull and East Yorkshire. Our other three brands serve organisations throughout the UK. Eclipse provides communications services to small and medium businesses across the UK, connecting them to customers, partners and suppliers and improving their productivity and flexibility, and helping them to grow.  Kcom works with some of the UK’s biggest names, delivering communications services that enable them to be flexible, efficient and more responsive to their customers. Smart421 delivers high-end consultancy, integration and management of business-critical systems for enterprise customers.

We apply the collective knowledge and expertise of our people and our partners to help our customers harness the power of communications. Our focus is on the delivery of inspiring customer experiences, and finding new and better ways to connect people.

For further information please contact:

Bill Halbert, Executive Chairman / Paul Simpson, CFO 
KCOM Group PLC
Tel: 020 7422 8707  

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735

Jon Coles/Daniel Thole
Brunswick
020 7404 5959