Last updated on April 20, 2014 at 21:20 EDT

BSkyB – Full Year 2011/12 Results Interview With CEO and CFO

July 25, 2012

LONDON, July 26, 2012 /PRNewswire/ –

In a full-years video interview, BSkyB Chief Executive Jeremy Darroch speaks about
another strong set of results for the business.

“I think it has been a quarter and a year again where we’ve been strong across the
board, so our operational performance has once again been very strong. We’ve seen good
growth right across our range of products and services, but I think we’ve combined that
well with further improvements in our customers’ experience.”

He also reflects on the impact that BSkyB has on the UK economy:

“…as a company, we’re contributing something like GBP5.5bn to UK GDP. We work
directly with over 4,000 suppliers. We probably account for something of the order of
120,000 jobs in the UK and contribute over GBP2bn of tax revenue. So I think our
contribution is very, very strong.”

In an additional interview, Andrew Griffith, CFO, gives a summary of the financial
performance of BSkyB, revealing revenue growth of 4.5% and profit growth of 14%, with
earnings breaking through 50p for the first time. He also gives an update on shareholder
returns; in addition to an increase in the dividend he also describes the rationale for
the further share buy-back announced in the results.

“…another GBP0.5bn of share repurchases over the next 12 months. We’ll ask for
authority to do that at the next AGM. News Corp have agreed to participate pro rata so
that their stake won’t accrete upwards. I think that really shows in the round how our
clear and consistent policies on use of capital are working. We’re investing in growth,
we’re delivering the returns and when we’re able to, with our strong financial
flexibility, we’ll continue to return to shareholders as well.”

Looking ahead, Darroch concludes:

“We continue to see strong headroom in all of the markets in which we compete in the
UK. We continue to see an appetite within our customers to take more products and services
from Sky.”

The interviews and transcript are available now on


MerchantCantos produces in-depth interviews, documentaries and webcasts with senior
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Source: PR Newswire