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Arqiva FY revenue up 2.2%

September 10, 2018

Arqiva, the UK communications infrastructure and media services providers, has published its results for the financial year ended June 30th 2018. These results reflect a year of significant growth in revenue, profit and cash generation which underscore Arqiva’s vital role in enabling the UK’s success in the digital economy.

Revenue in the year was up 2.2 per cent to £962.4 million from £941.3 million last year. Organic revenue growth from continuing operations, excluding the revenue of the WiFi business sold last year, was 3 per cent.

  • Revenue in Terrestrial Broadcast business grew 8.6 per cent to £487.5m from £449 million last year. This performance was driven by increased 700MHz clearance activity as well as the ramp-up in our DAB rollout programme.
  • Revenue in our Telecoms & M2M business grew 0.9 per cent year-on-year to £341.4 million from £338.2 million last year (excluding the revenue of the WiFi business sold last year). This growth was driven by a strong performance from the telecoms towers business where new site assignments and upgrades grew revenue by £8 illionm, and by the continued delivery of smart-metering energy network which grew revenue by £14.4 million during the year. This was partially offset by a reduction in lower margin revenues such as Installation Services.
  • Revenue in Satellite and Media business decreased 9.1 per cent year-on-year to £133.5 mililion from £146.9 illionm in the same period last year. This was a result of our ongoing rationalisation of these services and the ongoing transition away from low margin contracts in the division.

Simon Beresford-Wylie, Chief Executive of Arqiva, commented: “These financial results demonstrate both the ongoing strength of our core business and the ability of our people to deliver complex projects that make a real impact on the UK’s competitiveness in the digital economy. Whether through spectrum clearance, smart-metering, DAB radio or digital television, Arqiva continues to underpin the country’s most popular digital services. Yet we are not merely a participant. We are also helping to shape the future of our industry by introducing new technology that ensures reliable, high-quality service provision across the whole country. The response of our customers to these efforts has been extremely positive during the year and gives me great confidence in the strategy we are pursuing”.

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