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30 Sep 2013 07:00
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30 September 2013
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KCOM Group PLC - Trading Statement
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KCOM Group PLC ("the Group") issues the following trading update, ahead of its interim results for the half year ending 30 September 2013, due to be announced on 26 November 2013.
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Current Trading
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During the first half year, the Group has performed in line with expectations.
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As we anticipated, net debt has increased since 31 March 2013 and we expect it will reduce in the second half to be in line with market expectations at the end of the financial year.
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Commenting on trading, Bill Halbert, Executive Chairman stated, "I am pleased to report that the Group continues to make progress towards achieving its longer term objectives. The cash generative capacity of the Group means it is able to continue with its progressive dividend policy while continuing to invest in those areas that support the Group's ambition to achieve market leadership positions across all four brands."
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ends
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For further information please visit: www.kcomplc.com
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Enquiries:
Bill Halbert, Executive Chairman / Paul Simpson, CFO
KCOM Group PLC
020 7422 8707
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Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735
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Matt Ridsdale/Lulu Bridges/Mike Bartlett
Tavistock Communications
020 7920 3150
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