Financial Highlights
• Revenues up 1.5% to £80.8m (2015: £79.6m)
- Fixed Line, Broadband and Data revenues were broadly stable at £31.6m (2015: £32.0m), with good take-up of high speed broadband
- Mobile revenues up 0.5%, with H2 revenues up 4.5% on H1 levels
- As anticipated, Data Centre revenues fell due to a decline in low margin kit sales and the impact of customer consolidation that occurred in H1
- Global Solutions revenues up 10.2% year on year, driven by Strongest Signal Mobile and international traveller SIMs
• Underlying EBITDA maintained at £27.7m (2015: £27.7m). Reported EBITDA at £22.7m (2015: £27.7m), primarily reflecting £4.3m costs relating to the Transformation Programme
• Underlying Profit Before Tax of £16.3m (2015: £16.2m). Reported Profit Before Tax of £8.8m (£16.6m)
• Underlying free cash flow up 5.1% at £16.4m (2015: £15.6m). Reported free cash flow of £14.1m (2015: £15.6m)
• Net debt at the period end of £52.4m (2015: £52.2m), maintaining net debt/EBITDA ratio of 1.9x
• Final dividend of 7.2p (2015: 6.9p) making 10.9p for the full year (2015: 10.4p), in line with the Company's progressive dividend policy
