RE: Results26 Mar 2018 10:34
Comment from our CEO......
Andrew Walwyn, CEO of SSW, commented: "This was an extremely active period for the Company as both organic growth and acquisitions helped us to reach our targeted 100,000 customers ahead of schedule, with revenues and EBITDA growing significantly during the year.
"Importantly, the hard work during the period means that we have an extremely solid base for further growth with all of our geographic hubs performing well and benefitting from centralised cost bases, ensuring that we are set for another step change in profitability this year.
"Furthermore, the combination of technological advances, strong relationships with suppliers, government legislation and growing underlying demand for alternative broadband solutions ensures we are in a sustained growth phase.
"We have already made a good start to the current year, with strong like-for-like revenue growth for the three months to February 2018, and very much look forward to building on this momentum as we offer faster broadband speeds and more solutions to a growing customer base and we remain on track to reach our target of a 50% uplift in customers by 2020."