Financials

Our company's financial information

Results for the two months to 31 March 2016

05 May 2016

Financials

EE upgraded to 'BBB/A-2' on higher margins; outlook stable

|Everything Everywhere Ltd. (EE) today announced that Standard & Poor's Ratings Services (S&P) has raised its long-term and short-term corporate credit ratings on EE to 'BBB/A-2' from 'BBB-/A-3'. S&P’s outlook is stable for the rating. The upgrade reflects S&P’s view that EE is successfully executing its strategic plan and the expectation that EE's reported EBITDA margin and credit metrics will strengthen in the next 18 months.

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EE interim results for 6 months ended 30 June 2013

In the first half, EE made excellent progress implementing our strategy of maintaining commercial leadership, delivering operational excellence, and creating long term value through 4G and smartphones. Our focus on brand and network differentiation, building an efficient business and targeting postpaid customers is driving our commercial momentum, significantly improving our adj. EBITDA margin and delivering the fastest 4G take-up in Europe.

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EE results for the first quarter to 31 March 2013

The business over the quarter continued to see steady underlying service revenue performance as well as success in retaining and adding high value postpaid, 4G and 4G-ready subscribers to our base. There is strong demand for our 4G services – with a base of 318k customers or 2.3% of our postpaid base – after only five months of trading. We are making strong progress towards reaching our target of more than one million 4G customers by the end of 2013 after 14 months of trading.

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EE results for the year ended 31 December 2012

In 2012 we made significant progress executing on our vision to provide the best network and the best service so our customers trust us with their digital lives. We maintained commercial momentum, with underlying service revenue up 2.7% yoy and full year adjusted EBITDA margin improved to 21.2%, against a background of macroeconomic weakness, regulatory pressures and a highly competitive market. For Q4, service revenue was +1.5% excluding the impact of regulation, while including the regulated impact of MTRs, service revenue was -3.9%.

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EE results for the third quarter to 30 September 2012

EE made good progress in the third quarter by improving the value mix of our mobile business and the revenue growth of our fixed broadband business, while announcing plans to launch superfast 4G mobile and fibre broadband services to create platforms for growth. Despite significant competitive, economic and regulatory pressures, we delivered strong commercial performance, with healthy postpaid customer acquisition and take up of smartphones.

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