Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Telecoms

Talktalk hails bounce-back from hacking attack

Talktalk said it had a strong fourth quarter performance following the attack in October

Talktalk Telecom Group PLC (LON:TALK) hailed a strong recovery from last year's hacking attack as annual profits rose.

Talktalk said it had a strong fourth-quarter performance following the attack in October, which sparked fears about potential exposure of sensitive customer data.

Headline pre-tax earnings before interest, depreciation and amortisation (EBITDA) in the year to March 31 rose 6.1% to £260mln and earnings per share increased 2.4% to 8.4p.

The group boosted its dividend per share by 15% to 15.87p and forecast a 2016/17 dividend at least in line with 2015/16, covered by free cashflow. Headline total revenue rose 2.4% to £1.84bn.

Statutory pre-tax profit was £14mln against £32mln in 2014/15 after exceptional items of £83mln.

The company said it had its lowest quarterly customer turnover in the fourth quarter, of 1.3%. Average revenue per user rose 3.9%.

Corporate revenue fell 2.9% year-on-year in the quarter against a strong performance a year earlier, while data revenue lifted 40%.

Chief executive Dido Harding said: "The business bounced back strongly in the final quarter following the cyber attack in October.

"We recorded our lowest ever churn and stabilised the broadband base, testimony to the speed with which customer sentiment towards TalkTalk has recovered.

"TalkTalk is well-positioned to build upon our already strong credentials. As a result we are reiterating our financial guidance for FY17 of £320m-£360m EBITDA."

Shares fell 2.8% to 263.6p in early London trading.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK