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Sky reports a 20% jump in profit
21 Apr 2015 10:10
Solid demand for pay-TV in Britain and an improving picture in Germany and Italy helped Sky to post an as expected 20% jump in nine-month profit today.
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Sky was formed from the combination of BSkyB, Sky Deutschland and Sky Italia to serve 20 million customers in Europe.
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The group said it had enjoyed record growth in Germany and Austria, and its best third-quarterly performance in Italy for three years.
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In Britain, it reported the highest customer growth and lowest level of customers leaving the service in 11 years, with 127,000 new users signed up to its satellite and online TV platform, up 41% on last year.
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As a result, Sky posted nine-month operating profit of £1.03 billion, in line with a company-supplied consensus.
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"As these results demonstrate, our teams are working well together right across the new Sky," the company's chief executive Jeremy Darroch said.
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