Highlights of first half of 2013:
Overall Group revenue declined by 1.1% in the face of significant regulatory driven Voice price declines as well as adverse foreign currency impact resulting from a weakening Sterling against the Euro. Non Voice revenue grew by 3.1% on a constant currency basis
Data revenue continued its transformation with growth in newer technologies and managed network services largely offset by churn in legacy products. Data revenue as a whole grew by 0.7% in H1 2013 (1.8% on a constant currency basis)
Managed Services revenue grew by 7.1% (8.3% on a constant currency basis) including Data Centre Services revenue growth of 10.7%
Voice revenue declined by €19.0m (6.4%) principally due to regulatory driven price declines
EBITDA amounted to €158.0m (20.0% margin). The decline in overall EBITDA from H1 2012 of €3.8m related to increased investment in recent acquisitions and strategic investments in product development
In the period we launched our enterprise grade cloud services across both direct and indirect channels in Europe and Asia.
