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KCOM Group PLC  -  KCOM   

Interim Management Statement

Released 07:00 01-Feb-2013

RNS Number : 8695W
KCOM Group PLC
01 February 2013
 



1 February 2013

 

KCOM Group PLC

Interim Management Statement

 

KCOM Group PLC ("the Group") issues its Interim Management Statement for the third quarter ended 31 December 2012.

 

Despite continued challenging market conditions, the Group maintained its progress during the third quarter.

 

In those conditions, the public sector remains an important opportunity for growth and Kcom secured a number of key contract renewals, underlining its position and reputation in that market. These renewals contributed to a further increase in Kcom's multi-year order backlog.

 

Kcom was named also as the preferred bidder by East Sussex County Council, to provide a hosted managed communications service on behalf of a range of public sector organisations as part of the Link Consortium arrangement. This reinforces Kcom's growing presence in the Public Services Network (PSN) market and the cloud-based service demonstrates its ability to provide additional services into existing PSN connectivity frameworks.

 

Smart421 and Eclipse continue to perform well in their respective markets.  Smart has recently won a services and support contract with National Rail Enquiries, a division of the Association of Train Operators (ATOC). NRE provides all information for all passenger rail services on the National Rail network in England, Wales and Scotland.

 

KC continued to make a strong contribution to the quarter's performance and the next phase of its fibre deployment has begun in business parks and residential areas. KC is on target to start connecting customers in premises passed by this second phase over the coming months.

 

Commenting on trading, Bill Halbert, Executive Chairman stated, "Market conditions continue to be challenging. The Group has however continued to exploit successfully the opportunities that are there, with positive momentum across all brands. We remain confident about the quality of our business operations and their capacity to generate cash and reconfirm our commitment to a minimum ten per cent growth in the dividend in this financial year."  

 

For further information please visit: www.kcomplc.com

 

Enquiries:

Bill Halbert, Executive Chairman / Paul Simpson, CFO
KCOM Group PLC
020 7422 8707

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735

Matt Ridsdale/Lulu Bridges/Mike Bartlett

Tavistock Communications

020 7920 3150

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Interim Management Statement - RNS