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KCOM Group PLC Trading Statement

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 25 November.

KCOM Group (“the Group”) announces today it is entering a close period, ahead of its interim results announcement for the six months ending 30 September 2014. The interim results will be released on 25 November 2014.

Current trading

During the first half year of the financial year, the Group has performed in line with expectations, with continued strong cash generation.

As part of its investment in super-fast, fibre-based broadband in Hull and East Yorkshire, the Group has recently secured its 10,000th “Lightstream” customer.   The Group continues to progress its strategy of focusing on key target markets and will give a further update on its fibre deployment and other initiatives at the interim results. 

The cash generative capacity of the Group means it is able to continue with its progressive dividend policy while investing in those areas that support the Group’s ambition to achieve leadership positions in all its target markets.

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, CEO/Paul Simpson, CFO
KCOM Group PLC
020 7422 8707

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735