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Summarised consolidated financial results for the year ended 31 March 2019
Released 18 June 2019
FY19 by numbers
-
Subscriber base
15.1m(7.4m SA, 7.7m RoA)
12% up -
Revenue
R50.1bn
6% up -
Trading profit
R7.0bn27% organic growth
11% up -
Core headline earnings
R1.8bn
10% up -
Free cash flow
R3.3bn
96% up -
Cash
R6.7bn
66% up
Key strategic highlights

1.6 million
subscriber growth
well above historic average

Reduced losses in the rest of Africa (RoA) by R0.9bn
~ 50 000 hrs local content library
doubled OTT users base
Group structure

Share price @R128, +34% from listing
Outlook
Content

- Continue to invest in local content
- Leverage FY20 as a major sports year
South Africa

- Target mass growth, premium retention and OTT
- Deliver stable margins and cash flows
RoA

- Drive growth in the mid and mass markets
- Return business to profitability in medium term
Technology

- Grow media security revenue and maintain margins
- Continue momentum in connected industries
Group

- Drive top line and further margin expansion
- Deliver on intention to pay R2.5bn FY20 dividend