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Virgin Media Q1 2010 results: volume growth strengthening; still potential for improvement - Venture Insights

Report Overview

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Virgin Media Q1 2010 results: volume growth strengthening; still potential for improvement

PublisherEnders Analysis.
Publish Date April 27, 2010
Sector Digital Media, Fixed Line (Internet and Voice), Mobile and Wireless Technology, Pay TV.
Company Virgin Media.

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VMed’s Q1 results were again strong, with price increases and opex reduction continuing as the main drivers, underpinned by strengthening volume growth.

The company’s recently completed debt refinancing gives management much greater flexibility in deciding how much to reinvest in growing the business.

The outlook continues to look very encouraging, with the April price increases, further cost reduction, modest turnarounds at Mobile and Business and improved wholesale terms for Sky content still to come.