Enquires
Spectrum Interactive plc
Mark Lewarne, Chief Executive Officer spectruminteractive.co.uk
Philip Congdon, Chief Financial Officer
Daniel Gray, Head of Marketing & Communications
Citigate Dewe Rogerson
Sarah Gestetner / George Cazenove
Seymour Pierce
Mark Percy / Jeremy Porter
Notes to editors:
Spectrum Interactive plc, which listed on AIM in April 2005, operates over 10,000 payphones and internet terminals across the UK and Germany.
· Spectrum is leveraging its payphone units as a strategic asset to generate new revenue streams, including advertising, hosting microcell units for mobile operators and cash machines for ATM operators.
· Spectrum has developed a significant and growing base of public internet access terminals, and in February 2005, acquired UK Explorer, which increased its base of UK internet terminals to 1,000 units. Following the acquisition of BRNs assets and ongoing organic growth, the base will rise to in excess of 1,600 units, which will bring Spectrums Internet business to approximately 20% of the total turnover.
· The Company deploys new payphones in high revenue generating locations and redeploys sites from low revenue to high revenue locations.
· In the UK, Spectrum has rolled out 750 new street payphones following an acquisition made in 2004, and in Germany, the Company is actively growing its estate in a less competitive market.
· Spectrum announced its maiden final results for the year ended 30 June 2005 on 27th Sept. Financial highlights from release include:
· Underlying group turnover rose to £17.0m from £15.9m
· Underlying gross profit margins maintained at 47%
· Profit after tax £2.46m
· Basic earnings per share of 9.81p per share
· Successful flotation on AIM: raised £5.5m used to restructure company; net debt reduced to £5.1m
· Strong balance sheet: £2.0m cash at year end
· Dividend of 1.09p per share
A copy of the release is available from the website spectruminteractive.co.uk
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