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Arqiva reports record revenues and earnings

Arqiva-SNG-G20-1-04-09-5231_SUK broadband infrastructure firm, Arqiva, announced record revenues and earnings for the year ended 30 June 2016.

The company reported revenues of £884.7 million, EBITDA of £424.4 million and free cash flow of £226.6m, up 22.7%.

“I am delighted with the progress the group has demonstrated during Simon Beresford-Wylie’s first full year as CEO,” said Arqiva chairman Mike Parton.

“We have simplified our portfolio and streamlined our organisational structure with a view to increasing efficiency and profitability, at the same time as pursuing our strategic goal of continuing Arqiva’s growth by maximising the capacity utilisation of our infrastructure and diversifying the applications for which our infrastructure can be used. “Particularly pleasing was the increase in revenue from the Terrestrial Broadcast division and the Telecoms and M2M division of 4.6% and 6.1% respectively.”