Financial highlights
As per Annual Report 2007/2008 issued on 2 January 2009.
- Sales increased by 30% to £93.7m, with organic sales growth of 7% (2007: 7%)
- Successful acquisition of Echo bedded in
- £17.7m sales and adjusted operating profits of £2.0m, up 67% over the annualised prior period
- Underlying operating profits increased 31% to £10.4m, helped by improved operating margins of 11.1% (2007: 10.8%)
- Strong balance sheet and excellent cash generation
- Free cash flow of £7.6m (2007: £6.5m)
- Strong cash conversion at 96% EBITDA
- Net funds of £3.2m (2007: £1.8m), after returning £4.1m surplus cash to shareholders in August 2008 following a successful tender offer
- Consistently good performance in all product sets, with organic growth in sales and gross profits in each area
- Mobile subscribers increased 14% to 51,990
- Network Services lines/channels increased 28% to 52,262
- Proposed dividend increase of 39% to 4.6p (2007: 3.3p)
To view the full report go to our reports and accounts section.
