Financial Highlights:
Revenue up 9.5% to £658.8m (2013: £601.5m)
Adjusted profit before tax up 25.3% to £44.6m (2013: £35.6m)
Successfully raised £130m of equity capital
Full year dividend up 12.9% to 35p per share (2013: 31p)
Operating Highlights:
Group customer base now exceeds 530,000 customers
Record increase in service numbers of 305,100 to over 1.9 million
Continuing strong organic growth
Improving customer quality
New 20 year energy supply agreement secured
Andrew Lindsay, Chief Executive Officer, commented:
"We are very pleased with the continuing strong demand for our unique multi-utility proposition, with a record number of new Members joining our Discount Club during the year.
"We now supply almost two million services to over 530,000 households throughout the UK. With over 5,000 new Partners joining since our annual sales conference in March, and just 2% of the UK market, we believe we are exceptionally placed to deliver further sustained organic growth over the months and years ahead.
"Our focus on genuinely looking after our Members has been one of the key drivers behind our recent strong performance, and we are working hard to secure our position as the Nation's most trusted utility provider. We are delighted that these efforts have started to receive external recognition, with our recent nomination by Which? for both "Best Telecom Services Company" and "Best Customer Service" in their forthcoming 2014 Annual Awards.
"We remain comfortable with market expectations for adjusted pre-tax profits for the current year of £63m, and to delivering a progressive increase in dividends as we continue to grow."
