Opening new doors: Sky FY 2012 results

6 August 2012

Sky generated 14% growth in operating profits in FY 2012 in spite of a comparative 53 week reporting year in 2012, the price freeze induced by a tough economic climate and large incremental investment in programming

The increase was much as we expected with predictable strong growth in home communications, wash-through of TV and HD subscriptions, low churn and most notably improved operating efficiencies

The medium term outlook for operating profit growth in the existing business remains very promising, with further potential upside following the launch of NOW TV and the acquisition of Parthenon

Recent reports