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Strong underlying growth trajectory: Sky fiscal Q3 2011 results - Venture Insights

Report Overview

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Strong underlying growth trajectory: Sky fiscal Q3 2011 results

PublisherEnders Analysis.
Publish Date April 27, 2011
Sector Fixed Line (Internet and Voice), Pay TV.
Company Sky Group.

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Sky is managing to sustain strong underlying growth in the face of a challenging retail environment, in which it has maintained strong growth rates in quarterly gross TV additions and home communications products

Revenues were slightly down on the previous quarter, but this was mainly due to the January increase in VAT and seasonal variations in advertising spend, while the results confirmed the company’s strong discretionary control over costs

As the period of peak product additions passes, we can look forward to a strong growth trajectory in operating profits over the next three years