2nd Feb 2016 07:38
LONDON (Alliance News) - TalkTalk Telecom Group PLC on Tuesday said trading conditions have returned to normal following the cyber attack on the company in late 2015, with the group registering customer growth in January.
The FTSE 250 telecommunications company said its revenue growth for the third quarter to the end of December hit 1.8% year-on-year, though it said it saw a total net loss of customers of 101,000, with 95,000 of those attributed to the cyber attack which hit the group in October.
The group said the cyber attack resulted in a negative trading impact of around GBP15.0 million and said it will book exceptional costs related to the attack of GBP40.0 million to GBP45.0 million.
TalkTalk said it expects to generate earnings before interest, taxation, depreciation and amortisation of GBP255.0 million to GBP265.0 million for the full 2016 financial year, down from GBP290.0 million a year earlier, though it expects to hike its final dividend by 15%.
It added trading conditions have returned to normal, with net customer additions achieved in January.
By Sam Unsted; [email protected]; @SamUAtAlliance
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