Financial Highlights:
|
H1 2016 |
H1 2015 |
Change |
|
|
Revenues |
$158.8m |
$127.0m |
25% |
|
EBITDA |
$59.1m |
$55.5m |
6% |
|
Net profit |
$44.5m |
$40.6m |
10% |
|
Net cash |
$96.2m |
$95.5m |
0.7% |
|
Earnings per share |
$0.39 |
$0.35 |
11% |
|
ARPU |
$1,525 |
$1,362 |
12% |
|
Operating cash flow |
$36.8m |
$26.2m |
40% |
|
Operating cash conversion |
95% |
86% |
10% |
|
Interim dividend per share (cents) |
$0.2324 |
$0.2121 |
10% |
|
Interim dividend payout ($m) |
$26.7m |
$24.4m |
9% |
Operational Highlights:
Record first half results:
o Continued growth in Active Customers
- increased 12% to 104,119 (H1 2015: 93,267)
o Continued growth in New Customers - increased 9% to 56,929 (H1 2015: 52,217)
Increase in New Customers a record for H1 and substantially ahead of expectations:
o This has temporarily suppressed EBITDA margins and ARPU due to acquisition and onboarding costs being incurred prior to generating revenues from the New Customers
o These additional customers are expected to benefit revenues and margins going forward with an anticipated increase in ARPU from such customers
o Excluding the additional acquisition and onboarding costs, EBITDA margins were over 50%
UK market share increased as a result of improved brand and product awareness
Mobile and tablet adoption have continued to grow and now represent 68% of revenue
The Group has made significant investment in compliance which is reflected in an improved regulatory culture
throughout the Group
