Yell Group Plc (YELL.L) reported third-quarter profit after tax of 16.6 million pounds. EBITDA for the quarter was 108.6 million pounds.
Also, the company recorded quarterly Group revenue of 382.8 million pounds.
Mike Pocock, chief executive officer, said, "Our digital services revenue continued to grow strongly, reaching an annual run rate of over £140m. We expect this growth to accelerate as our strategic new products come to market. The deteriorating macro environment and a more competitive digital directory market are however driving a faster rate of directory revenue decline. Tight cost management has reduced the impact of lower revenues on both EBITDA and cash flow, allowing us to reduce net debt by £67.3m, even after paying the majority of the initial £22m of fees associated with the covenant reset. Full year EBITDA is expected to be within current market expectations."
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