UK fixed-line and broadband group TalkTalk plans to shift its focus towards cost-cutting efficiencies as the group evaluates its speedy growth, said CEO Dido Harding in a statement.
Unveiling interim results for the six months to 30 September 2010,…
UK fixed-line and broadband group TalkTalk plans to shift its focus towards cost-cutting efficiencies as the group evaluates its speedy growth, said CEO Dido Harding in a statement.
Unveiling interim results for the six months to 30 September 2010, Harding said TalkTalk had grown quickly, exposing “considerable opportunities” to improve the effectiveness of its business.
“We see real opportunities to deliver an additional £40-50m of operating efficiencies, and over the medium term to drive our EBITDA margin to 20%,” she said.
“Over the same time frame we will drive sustained top line growth, adding innovative and attractive new services, to become the UK’s best value provider of quad-play phone, broadband, mobile and TV services.”
TalkTalk announced a rise in H1 2010 post-tax profit to £50m, compared with £47m for the corresponding period last year. Revenues grew to £887m, compared with £789m recorded for H1 2009.
EBITDA for H1 2010 increased to £121m, giving TalkTalk an EBITDA margin of 13.6%, compared with £103m and 13.1% for H1 2009, respectively.
