Business
STRONG Q1 2016 PERFORMANCE AT TELECABLE
STRONG Q1 2016 PERFORMANCE AT TELECABLE.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \nRNS Number : 8880B Zegona Communications PLC 22 June 2016 \n\nZEGONA COMMUNICATIONS PLC\n \nTELECABLE - Q1 2016 RESULTS \n \nSTRONG Q1 2016 PERFORMANCE AT TELECABLE\n \n22 June 2016\n \nZegona Communications plc (LSE: ZEG) announces Telecable results for the quarter ending 31 March 2016.\n \n\n\n\n\n\n\n\n\n\n\nTelecable Q1 20161\n\n\n\n\nRevenue\n\n\n\n\n\n€34.9 million\n\n\n\n\nEBITDA2\n\n\n\n\n\n€16.6 million\n\n\n\n\nCash Flow3\n\n\n\n\n\n€8.8 million\n\n\n\n\n \n \nStrong start to the year\n· Revenue up 5.7% to €34.9 million\n· Q1 year on year revenue growth highest in last 6 years\n· EBITDA up 3.7% to €16.6 million \n· Cash Flow up 11.1% to €8.8 million\n \nOn track to deliver full year growth guidance\n· Underpinned by consumer price increase in January of €2 per month for enhanced product offers\n· Business segment results driven by growth in both customers numbers and ARPU\n· On track to deliver full year mid-single digit revenue growth and double digit cash flow growth \n \nAttractive cash returns to shareholders\n· 4.5 pence dividend policy per ordinary share for 2016\n· Incremental capital return potential via share buybacks and/or special distributions \n \nZegona pleased with progress to date \n· Telecable is delivering strong results, driven by Zegona's priority of sustainable enhanced cash generation\n· Significant progress being made on key strategic initiatives\n· Zegona continues to see many attractive investment opportunities across the European TMT landscape\n \nEamonn O'Hare, Zegona's Chairman and CEO commented: \"Telecable has a clear strategy that is delivering results and its first quarter performance reflects our focus on fundamentally improving cash flows. We are encouraged by the continuing growth in the business, underpinned by the recent consumer price rise and progress in growing the mobile and business divisions. This performance, together with further evidence...