# Sky PLC Excellent financial and operating results

- Link: https://www.directorstalkinterviews.com/sky-plc-excellent-financial-operating-results/412755495
- Published: 2018-07-26T07:58:38+01:00
- Author: Charlotte Edwards

**Sky PLC** (LON:SKY), today announced the results for the twelve months ended 30
June 2018

**Excellent financial and operating results**

· 5% increase in like-for-like revenue to £13.6 billion

· 11% increase in Established Business EBITDA to £2.5 billion; 9% increase in EBITDA

· Operating costs down 70 basis points as a percentage of revenue

· Earnings per share (EPS) up 10% to 67.3 pence

· Statutory results: operating profit of £1,034 million, up 7%, and EPS of 47.5 
pence, up 17%

· Sky Q in 3.6 million homes, up 2.3 million year on year

· Q4 customer growth up 39%; over 23 million European households enjoying Sky

· Q4 product growth up 81%; 63 million products now in Sky homes

**Extending our leadership in content**

· Put in place major new partnerships; Netflix, BT Sport, Mediaset Premium, Spotify

· Secured significant exclusive rights; Serie A, Premier League, Austrian Bundesliga,
Formula 1

· Investment in home grown content paying off; continued increase in the commercial
success of Sky original productions

Delivering greater value to our customers across the Group

· Excellent year for UK business with strong customer demand for Sky Q, Sky Fibre
and Sky Mobile

· Comprehensively upgraded service in Germany, kick-starting next leg of growth 
in this market

· Transforming Italy into a diversified, multiplatform business; launched Sky over
DTT and over fibre, plans for triple-play in 2019

Strong set of plans in place for future growth

> **Jeremy Darroch, Group Chief Executive, commented:**
> “It’s been an exceptional year. We’ve delivered another set of strong results 
> with like-for-like revenues up 5%, Established Business EBITDA up 11% and EPS 
> up 10%. Over half a million new customers joined Sky this year and we now have
> 63 million products in customer’s homes as they continue to choose Sky over other
> providers. As a consequence, we have extended our leadership position as Europe’s
> largest direct-to-consumer media and entertainment business.
> “Our strong performance reflects the execution of our strategy over an extended
> period of time, driving sustained growth in revenue, profits and shareholder returns.
> We do this by providing our customers more of the best content, world class innovation
> in products and services, combined with industry leading front-line service. Together
> with an increasingly agile and efficient organisation, we are able to deliver 
> for shareholders whilst ensuring the customer experience is better than anywhere
> else.
> “Importantly, this strategy is now widely implemented across the Group. In the
> UK and Ireland, our largest market, we’ve delivered an excellent operational and
> financial performance whilst scaling our new initiatives. In Germany and Austria,
> we have comprehensively upgraded all our services as part of our plans for sustained
> long-term growth in what is Europe’s largest TV market. In Italy, we’ve had a 
> ground-breaking year, opening up significant new growth opportunities for our 
> business by offering new services over DTT and fibre, allowing us to reach new
> segments of the market.
> “Alongside this, we’ve put in place further building blocks for future growth.
> We’ve secured more exclusive coverage of major sports events for our customers
> and our investment in Sky original productions is being widely recognised by customers
> and critics alike. We’ve rolled out Sky Q to all our major territories meaning
> a growing number of customers can enjoy the benefits of Europe’s best home entertainment
> service, and our agreements with Netflix, Mediaset, BT and Spotify will further
> enhance and extend our customer offer.
> “We therefore enter the year ahead with good momentum. We have an excellent set
> of plans and we’re focused on executing them well. We are proud that Sky is recognised
> globally as an outstanding business and are confident we have the right assets
> and capabilities to continue creating long term growth opportunities and to capitalise
> on the strong position we’ve built.”

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