Cable and Wireless maintains its 2014 full year dividend

DividendMax Ltd.

Cable and Wireless maintains its 2014 full year dividend

Highlights

Group revenue of US$1.8 billion up 4% reflecting strategic progress

Group EBITDA of US$585 million up 7%; EBITDA margin increased by 1 ppt to 33%

US$100 million cost reduction plan successfully completed; c.800 FTE reductions over two years

US$442 million Project Marlin capex investments have improved network performance

Significant growth in adjusted EPS to US4.7 cents driven by US$55 million lower interest cost

Columbus acquisition completed on 31 March 2015; integration underway

Recommended final dividend per share of US2.67 cents; full year dividend per share of US4 cents (2013/14 US4 cents)

Companies mentioned