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TalkTalk Group Q3 2014/15 results: Revenue accelerates, margins more challenged - Venture Insights

Report Overview

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TalkTalk Group Q3 2014/15 results: Revenue accelerates, margins more challenged

PublisherEnders Analysis.
Publish Date February 5, 2015
Sector Fixed Line (Internet and Voice), Telecom.
Company TalkTalk.

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TalkTalk’s revenue growth accelerated to over 4% in Q3, despite a tough comparative, with a price increase towards the end of the quarter and robust corporate revenue growth helping, giving it good momentum into 2015.

Broadband net adds of 15k were unchanged on the previous quarter, disappointing given a broader market bounce, but the company expects acceleration next quarter.

The company warned of lower than expected EBITDA margin in H2 2014/15, making its medium term 25% target look more challenging, but margins are still likely to improve going forward.