leadf
logo-loader
viewTalktalk Telecom Group PLC

TalkTalk Telecom sees sales trends improving in June and July

The telecoms group expects average revenue per user to continue to improve in the second half of the year

Talktalk Telecom Group PLC -

Talktalk Telecom Group PLC (LON:TALK) said revenue, new high-speed internet customers and other trends have improved in June and July as lockdown restrictions were eased.

Revenue for the second quarter to June 30 of £358mln was down 7.5% compared to the first quarter, primarily from lockdown trading restrictions and cancellation of live sports.

But, the FTSE 250 company said, the revenue decline has been offset by cost savings and trading has recovered, with “significant” improvement in average revenue per user (ARPU). 

TalkTalk said it expects ARPU to continue to improve in the second half of the year, driven by growth of fibre broadband for homes and businesses.

Business demand for its Ethernet product was said to have recovered to pre-COVID-19 levels and the newly launched 'Business Grade Homeworker' packages, as the country adapts to working from home, has seen strong sales so far.

Chief executive Tristia Harrison maintained her guidance for a £15mln hit from the pandemic for the full year, with the company feeling this remains conservative based on current bad debt trends for consumer and business markets. 

“As the UK's internet usage continues to soar, our role as the UK's only scale affordable provider of fibre broadband has become even more important,” Harrison said. 

 

Quick facts: Talktalk Telecom Group PLC

Price: 78.8 GBX

LSE:TALK
Market: LSE
Market Cap: £903.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Luminex Resources CEO says stay tuned for drill results out of its Condor...

Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) CEO Marshall Koval tells Proactive the Vancouver-based mining company is making progress on its Condor Gold-Copper Project in Zamora-Chinchipe Province, southeast Ecuador. Koval says the group has advanced metallurgy at the site, continuing to...

20 hours, 55 minutes ago

2 min read