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Virgin Media Q2 2009 results: positive impact from price increases - Venture Insights

Report Overview

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Virgin Media Q2 2009 results: positive impact from price increases

PublisherEnders Analysis.
Publish Date August 4, 2009
Sector Fixed Line (Internet and Voice).
Company Virgin Media.

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VMed’s Q2 results were again mixed but, on balance, encouraging, with the impact of the May price increases feeding through into revenue growth.

Cable volume performance was poor but, with the exception of broadband, no worse than expected, and is not expected to deteriorate further relative to the market.

We remain optimistic that management will succeed in combining revenue growth with reductions in operating costs to generate sustained growth in cash flow from autumn 2009.