Sky 2017 financial statement – Sky Italia closed the 2016-2017 fiscal year with revenues up 4% at constant rates, to € 2,458 million (€ 2,860 million), with operating profits up 139% to 136 million pounds (about €162 million).
Its number of customers rose by 41,000.
“In a challenging environment for consumption, we have successfully increased our customer base and our operating profits have reached their highest level in the last five years” – this is stated in the official documents released by the company.
Sky 2017 financial statement – Overview
In reference to the entire Sky Group that operates in the U.K. (Sky U.K.) and in Germany (with Sky Deutschland), the operating profit showed a 6% drop to £1,468 million due to costs incurred for Premier League rights (£629 mln) and investments in Sky Mobile (£51 mln).
Turnover rose 10% to 12.9 billion pounds (14.44 billion euros), while net profit was 695 million pounds (€778.7 mln euros), up 4.4% from the previous year.
Jeremy Darroch, the general manager of Sky Plc, announced a growth plan for 2018: + 25% of investment for production; The launch of the Sky Q mini box in Italy, Germany, and Austria; 300 new jobs and a loyalty program for customers.