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Cable & Wireless Worldwide annual results to March 2010: continuing strong cost control - Venture Insights

Report Overview

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Cable & Wireless Worldwide annual results to March 2010: continuing strong cost control

PublisherEnders Analysis.
Publish Date May 25, 2010
Sector Fixed Line (Internet and Voice).
Company Cable & Wireless.

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C&W Worldwide’s first set of annual results since demerger were flattered by the inclusion of a full year of Thus.

Nonetheless, management has continued to execute well despite difficult market conditions. Excellent cost control generated another year of strong underlying cash flow growth, albeit from a low base.

Looking ahead there are grounds for continuing optimism, despite minimal guidance, although the rate of cash flow growth is set to drop, as cost reduction becomes progressively more challenging.