Skip navigation to main content

KCOM Group PLC Trading Statement 2012

KCOM Group PLC (“the Group”) issues the following trading update, ahead of its interim results for the half year ending 30 September, due to be announced on 27th November.

Also today, the Group will hold a sell-side analyst update on its Kcom brand.

Current Trading

During the first half year, despite prevailing market conditions, the Group has performed in line with expectations. As anticipated, first half net debt has increased, as a result, among other things,  of share scheme purchases and planned increases in capital expenditure.

KC continues to make a strong contribution to Group results. The ability now to offer bundled services is allowing us to deliver more value to our customers and the response continues to be positive.  

Kcom, our enterprise business, has delivered year over year growth in its multi-year order backlog,  albeit lower than previously anticipated due to the uncertain environment for business investment decision making.

I am pleased to report that, despite challenging market conditions, the Group continues to make progress towards achieving its longer term objectives. The continuing macro-economic uncertainty is resulting in slower new business investment decision making and this is likely to remain the case through the second half of the year. Nevertheless, we remain confident about the underlying strength and continuing cash generative capacity of the Group and are pleased to reconfirm our commitment to delivering a minimum 10% increase in full year dividend.

Bill Halbert
Executive Chairman

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
020 7422 8707

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735

Matt Ridsdale/Lulu Bridges/Mike Bartlett
Tavistock Communications
020 7920 3150