Skip navigation to main content

KCOM Group PLC (KCOM.L) Pre Close Statement 2011

KCOM Group PLC (KCOM) issues the following statement for the period up to 31 March 2011, prior to entering the close period for its preliminary results.

KCOM Group PLC (KCOM) issues the following statement for the period up to 31 March 2011, prior to entering the close period for its preliminary results.

Current trading

Current trading remains in line with expectations and we have seen incremental growth in the multi-year contracted order backlog within Kcom during the second half of the financial year.

Group cash generation has remained consistently strong, as a consequence of the cash generative nature of our operations combined with excellent working capital performance and timing benefits associated with certain capital expenditure projects and will result in a group net debt position of below £85 million, significantly better than market expectations.

KCOM Group announces its preliminary results on 26 May 2011.

Forward-looking statements

Certain statements in this interim statement are forward-looking.  Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that these expectations will prove to be correct.  Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.

We undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

Principal risk & uncertainties

The risks and uncertainties faced by the Group as disclosed on pages 22 and 23 of the Annual Report and Accounts to 31 March 2010 are still valid. 

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:

Paul Simpson, CFO (PA: Clair Morris)
KCOM Group PLC
020 7422 8707

Cathy Philips
KCOM Group PLC
07778335735

Jon Coles/Daniel Thole
Brunswick
020 7404 5959