Financial highlights
H1 2015 revenue broadly flat at £173.5m due to foreign exchange rate movements, up 6.6% on an organic currency neutral(1) ('OCN') basis. Underlying(2) revenue growth 9.3%
Adjusted(3) EBITDA(1) margin stable at 46.9% (H1 2014: 46.9%)
H1 2015 adjusted(3) diluted earnings per share up 2.8% on an OCN basis to 18.6p
Adjusted(3) free cash flow(1) of £30.8m (H1 2014: £13.3m)
Operational highlights
H1 2015 churn down substantially year-on-year to 6.3% (H1 2014: 11.4%), led by the UK, and at the lower end of guidance for the full year
H1 2015 net order wins increased notably year-on-year
Like-for-like revenue per sold kW stable
Group sold power percentage increased 270bps to 75.1% (H1 2014: 72.4%)
H1 2015 available customer power of 117.1MW, up 5.4MW from 31 December 2014 versus 6.0MW net power sold in the same period
Shareholder returns
Interim dividend up 11.1% to 5.0p per share (H1 2014: 4.5p)
Previously announced £400m 3-year share buy-back programme suspended in order to comply with the specific rules of the City Code on Takeovers and Mergers
