HIGHLIGHTS
Trading performance for the six months ended 31 March 2016 mixed but with encouraging underlying trends
Continued good growth in recurring revenues in Advanced Solutions, with a higher level of non-recurring revenues expected in the second half
Mobile performance impacted by challenging market conditions and reduction in roaming tariffs implemented by the carriers, as announced in February 2016. Evidence of improved performance in Mobile following introduction of new tariffs and arrangements with carriers
Mobile subscriber growth strong with 9% increase in the base compared to the equivalent prior year period
Continued strong operating cash conversion (96% of adjusted EBITDA). Resigned extended and improved banking facilities
High level of backlog and a healthy pipeline of new business together with cost reductions are expected to support H2 performance
Progressive dividend policy maintained:
o Interim dividend of 6.2p payable on 8 July 2016, up 13% year on year
o Full year dividend expected to grow by no less than 10% year on year
