Arqiva, one of the UK’s leading communications infrastructure and media services providers with significant investments in essential communications infrastructure, has published its results for the half year to December 31st 2017.
Revenue in the period was up 3.4 per cent to £482 million from £466.3 million in the same period last year. Revenue on a like-for-like basis, which accounts for last year’s WiFi business disposal, increased 5 per cent.
EBITDA, a key measure of the Group’s financial performance, increased 11 per cent during the period to £256.1 million (1H 2017: £230.7m). This strong performance can be attributed in part to an improvement in gross profit as a result of the revenue increase and shift in product mix, as well as improved operating efficiency and effective management cost-control through our FutureFit programme.
Net Cash inflow from operating activities during the period was £259.6 million, up 19.4 per cent from £217.4 million in the same period last year. Net capital expenditure during the period was £85.4 million, up 10.1 per cent from £77.6 million in the same period last year
Simon Beresford-Wylie, Chief Executive of Arqiva, commented: “These results show that Arqiva continues to make excellent progress. We are a highly Operating Cash-generative business and our strong operating performance indicates improved efficiency across the entire Group. The strength of our financial performance reflects our vital role in delivering the technology that will ensure Britain’s digital future. From the delivery of new TV content to the clearance of the airwaves over which 5G will come to life, and the overall increasing demand for connectivity over the airwaves, we are a key enabler of a coming change. These results give us greater courage than ever in our convictions and we look forward to a strong second half across all of these areas.”