2012 Q3 Interim Management Statement – 14 Feb 2012
Financial headlines
(1)
- Group revenue of £382.8m decreased 15.1%
- Digital services revenues grew 111.8% to £35.4m
- Digital directories (Internet Yellow Pages) revenue fell 15.7% to £77.6m
- Print and other directory (enquiry services) revenues fell 22.0% to £269.8m
- EBITDA(2) of £108.6m was down £12.7m
- Profit after tax of £16.6m was up £15.0m
- Free cash flow of £71.3m increased £9.0m
- Net debt was £2,566.7m
Operational headlines
- Total digital revenue rose from 25.5% to 29.5% of revenue
- Total digital customers grew 9.8% to 945,000
- Annual digital revenue per customer was down 2.5% to £508(3)
- Live customer websites built by Yell increased from 184,000 to 337,000(4)
- Digital directories visitors declined 25.5% to 42.1m
- Mobile directories visitors were 3.7m(5)
- Print advertisers were down 17.5% to 235,000(6)
- Print revenue per advertiser was down 2.7% to £1,029(3)(6)
(1) Results are for the three months, unaudited and compared with the same period in the prior year. Revenue and EBITDA changes are at constant currency. Revenue percentage changes are also adjusted for rescheduling, changes in bundled revenue allocation in the US and acquisitions.
(2) EBITDA is profit for the period before interest, tax, depreciation, amortisation and exceptional items.
(3) Percentage changes at constant currency.
(4) Increase of 25,000 in Quarter 3. Data for prior periods to be restated.
(5) Excluding Latin America.
(6) Excluding White Pages and other directories.
Click on the link below to read the full statement.
> 2012 Q3 Interim Management Statement.pdf
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