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    Sky results for the six months ended 31 December 2017

    This is a discussion on Sky results for the six months ended 31 December 2017 within the Sky news and announcements forums, part of the SkyUser Announcements category; Sky results for the six months ended 31 December 2017 Strong financial and operational results 5% increase in like-for-like revenue ...

    1. #1
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      Sky results for the six months ended 31 December 2017

      Sky results for the six months ended 31 December 2017

      Strong financial and operational results
      5% increase in like-for-like revenue to £6.7 billion
      15% increase in Established Business EBITDA to £1.2 billion
      10% increase in EBITDA to £1.1 billion
      11% increase in earnings per share to 31.3 pence
      365,000 new customers to 22.9 million; 2 million products added to 61.7 million and 20 million pay as you go buys in six months, up 8%
      Interim dividend of 13.06 pence per share, up 4% from 2016, in addition to previously announced special dividend of 10 pence
      Statutory results: 5% revenue growth, operating profit of £573 million, up 24%, and EPS of 26.2 pence, up 39%

      Consistent execution of our strategy
      On screen viewing of Sky brands up 6%, record viewing of Sky Originals, with future investment to increase every year
      Acquired significant new rights, including Warner Bros. and in Italy exclusive Formula 1 for the first time
      Sky Q launched in Italy, now in 2 million UK & Ireland homes and rolling out to Germany & Austria
      Launching our first Sky Q over IP service in Austria and Sky over fibre in Italy, both without the need for a satellite dish
      Operating costs flat in absolute terms and down 600 basis points as a percentage of revenue over last five years to 34%
      Investing for future growth: Sky Mobile scaling well and successful launches of Sky in Spain and Switzerland
      Ambitious set of plans for calendar 2018 and beyond
      Jeremy Darroch, Group Chief Executive, commented:
      “We have delivered excellent results. Sector-leading 5% revenue growth, a 15% increase in Established Business EBITDA and, after investment in future growth, EPS grew by 11%. This performance reflects the investment choices we have made in recent years, allowing us to more than offset the pressure on consumer spending across Europe, as more customers continue to choose Sky for more of their services.
      “Operationally we’ve seen good customer demand for our products and services. We now have almost 23 million customers taking 61.7 million paid-for-products and making 20 million pay-as-you-go buys in six months. In addition, we have made further strong progress on operational efficiency, keeping operating costs flat in absolute terms.
      “As Europe’s leading direct-to-consumer TV entertainment company, we are making good progress on our future growth plans. In content, our focus on high quality, differentiated local programming to complement what we acquire through our partners is working well. Viewing to Sky channels increased by 6% and, following both critical success and record audiences for Sky Original productions, we will be increasing our investment in original content each and every year.
      “In innovation, we are constantly improving our customers’ experience and making it easier for them to take Sky. In the UK & Ireland Sky Q is now in 2 million homes. We recently launched Sky Q in Italy and will roll out the service to Germany & Austria in the next six months. We will also introduce Sky over fibre in Italy and our first all IP service in Austria, both without the need for a satellite dish.
      “Looking ahead, we expect the consumer environment to remain challenging, however we remain confident in our strategy and our ability to execute our plans.”
      https://www.skygroup.sky/corporate/m...-December-2017
      speedyrite and Scubbie like this.

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    4. #2
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      Re: Sky results for the six months ended 31 December 2017

      Plans for 2018

      PLANS FOR 2018
      In the year ahead we remain focused on executing against our strategic priorities in each market, exploiting our many opportunities for growth while giving more quality, choice and value to our customers. This in turn should help grow revenue and profits, while creating a more valuable business for our shareholders. Our plans range across content, innovation, and service, as well as efficiency savings and opening up new opportunities for growth.
      The best and broadest range of content for every household
      We will enhance our market-leading coverage of sports in each of our territories. In the UK and Ireland we will have exclusive live coverage of England football matches in the brand new UEFA Nations League as part of a new contract including qualifiers for Euro 2020 and FIFA World Cup 2022. In Germany and Austria for the first time we will take the UEFA Champions League exclusive to Pay-TV and commence an exclusive four year deal with the Austrian Bundesliga. In Italy we will become the first broadcaster to provide exclusive coverage of both the UEFA Champions League and Europa League, and for the first time have exclusive live coverage of Formula 1.
      We’re enhancing the Sky Cinema proposition, having agreed a new deal in the UK and Germany with Warner Bros. This will give customers faster access to new titles and a stronger line up of iconic franchises
      including all Harry Potter titles, Christopher Nolan’s Batman trilogy, the Lord of the Rings, and the Lego movies.
      In entertainment we’ll continue to deliver the best of the US, showcasing great new series including the hotly-anticipated return of some of our most popular shows such as Billions, Westworld, Big Little Lies and Modern Family.
      This US content complements our ‘always on’ Original content strategy. We will grow our investment in Sky Originals every year and we expect, overtime, to be spending less on second tier sports, linear only entertainment channels and niche movies. In 2018 we’ll showcase over 50 Sky Original productions across eight key genres, including four dramas a quarter across our territories. We are differentiating our programming to other services, with a distinct focus on creating content that is local to our key markets. Growing our Sky Original content investment means we can offer our customers local content with very high production values, something our research shows our customers value more than acquired content in many cases. In addition it enables us to control the value chain for an increasing proportion of our standout content, while broadening our sources and reducing our dependence on individual content suppliers.
      We aim to maximise the return on this content investment through broader distribution, as we seek to develop a relationship with every home in each of the markets in which we operate. In Germany we recently made our Sky Ticket streaming service available on the Apple TV app, and from early 2019 we will make the full NOW TV service available to BT customers through the BT TV set-top-box. We will also continue to monetise outside of our markets by further building our international sales capability. 2018 will be a record year for Sky Vision as we reach critical mass of content supply from Sky Originals and inventory from our stakes in nine production companies.
      The best innovation in products and services
      We have significant plans to further develop and improve the customer viewing experience in each of our territories and make it easier for new consumers to join Sky.
      We will launch Sky Q in Germany and Austria as a part of a comprehensive upgrade of the whole service. This will transform our customers’ viewing experience there, with a much more user friendly, intuitive and content-rich user interface, together with considerably enhanced navigation. At the same time we will look to scale the growth of Sky Q in the UK and Ireland, where it is already our fastest growing product, and in Italy following its launch there in November. We will also launch Sky Soundbox in Italy, Germany and Austria, following its successful launch in the UK in November.
      Having deployed over-the-top services in all of our markets, we have a strong set of plans for our streaming business, most notably migrating all of our territories onto a common OTT platform. This will provide a step-change in capability that will deliver many benefits, including the ability to roll out innovation across all of our markets at greater pace and more efficiently. The first example will be the Pan-European launch of our new Streaming Stick, which will significantly increase the reach of our services. We will also introduce a host of other improvements this year across all of our territories, including enhanced personalisation, download functionality and HD packages.

      We will launch Sky without a satellite dish, with all its channels and on demand content streamed over IP. This is a major development for Sky that will open up headroom in existing markets, improve our cost to serve for some customer segments, and offer a future way to take Sky into new markets. We’ll launch first in Italy before taking it to Austria and ultimately deploying across all our key markets.

      The best front-line service delivery from the number one brand
      Having successfully expanded our sports proposition in the UK we are now simplifying how we package our entertainment offering. This should help us to grow new customer demand, keep more of our existing customers and encourage greater upgrades to our Box Sets service. In Germany and Austria we will roll out a new loyalty programme, replicating the success of our Italian and UK programmes. We will invest significantly behind our digital service offering, enhancing the functionality of our service apps in each market. In addition we are developing the next major step in customer service through the application of artificial intelligence and augmented reality, and have already built our first service concierge bot using IBM Watson.

      Consistently improving our operational capability and efficiency.
      We will continue to focus on efficiency savings while making progress towards our £400 million synergy target by the end of 2020. This year we will continue to accelerate our move to “Digital First” customer service including building a European Centre of Excellence for digital capability. This will be home to our leading digital innovation, setting the agenda for our approach to bots and automation. We will implement a new, Group-wide content supply chain – meaning content will arrive once and be digitally shared across the Group, removing duplication across markets - and we will continue to consolidate the back office and move to common TV platforms across our markets.

      Opening up new opportunities for growth by developing additional services and entering new geographic markets
      In the UK we’ll continue to scale our growth in Mobile, having already attracted 335,000 customers. We will launch voice-over-Wifi calls to improve airtime margins, launch our tablet and accessory proposition, and continue to simplify our sales process. We have a full set of plans to ramp up growth of our TV services in Spain and Switzerland, building on our successful launches in both markets. In Spain we will get new partnerships to market, extend our device range and launch Original Programming, including as announced today Helen Mirren in Catherine the Great, to complement our existing offering. In Switzerland we will launch new entertainment and Kids apps, while also extending the existing sports app to more devices and across more telco partners.

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    6. #3
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      Re: Sky results for the six months ended 31 December 2017


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    8. #4
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      Re: Sky results for the six months ended 31 December 2017

      I see that BBC News has picked up on the comment:
      Consistent execution of our strategy
      On screen viewing of Sky brands up 6%, record viewing of Sky Originals, with future investment to increase every year
      Acquired significant new rights, including Warner Bros. and in Italy exclusive Formula 1 for the first time
      Sky Q launched in Italy, now in 2 million UK & Ireland homes and rolling out to Germany & Austria
      Launching our first Sky Q over IP service in Austria and Sky over fibre in Italy, both without the need for a satellite dish
      Operating costs flat in absolute terms and down 600 basis points as a percentage of revenue over last five years to 34%
      Investing for future growth: Sky Mobile scaling well and successful launches of Sky in Spain and Switzerland
      Ambitious set of plans for calendar 2018 and beyond
      and turned it into a headline.
      Sky signals the end of the satellite dish

      Quote Originally Posted by By Chris Johnston Business reporter


      İGetty Images
      Sky plans to make all its channels and content available online, meaning customers will no longer need a satellite dish on their property.

      The pay TV company already offers some programming online on its Sky Go and Now TV services and through Sky boxes.

      Sky called the move a "major development" that would reduce costs and allow it to enter new markets.
      It hopes that making its hundreds of channels more widely available will increase both revenue and profits.
      Italy will be its first market to get all Sky channels online, followed by Austria, with the UK expected to follow later this year or in 2019.

      The move will allow properties that cannot have a dish to get Sky, a spokesperson said. Customers will still need a Sky box, however.

      Sky's move is a response to greater competition from the likes of streaming services such as Netflix and Amazon.
      Last edited by seawright; 25-01-18 at 11:57 AM.

    9. #5
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      Re: Sky results for the six months ended 31 December 2017

      Sky over internet will never happen 100% as a business model not every customer has internet or internet fast enough to support streaming so Sky without dishes LOL BBC are a joke.
      Disclaimer: The views expressed here are my own and in no way represent the views or policies of my employer.


     

     

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