British Sky Broadcasting Group plc (BSYBF.PK) Q1 2012 Earnings Call October 19, 2011 10:00 am ET Executives Andrew Griffith - Chief Financial Officer and Executive Director Jeremy Darroch - Chief Executive Officer and Executive Director Analysts Adam Spielman - PPM America Allan C. Nichols - Morningstar Inc., Research Division Hale Holden - Barclays Capital Frederick B. Herman - Philadelphia International Advisors, LP Unknown Analyst - Stanley Martinez PresentationOperator
Thank you, and welcome to the British Sky Broadcasting Q1 results conference call. Today's call is being recorded. Hosting the call will be Jeremy Darroch, Chief Executive Officer; and Andrew Griffith, Chief Financial Officer. This call is the property of British Sky Broadcasting Group plc. It may not be recorded for broadcast without the written permission of British Sky Broadcasting Group plc. This call may include certain forward-looking statements with respect to the group's business and strategy. All forward-looking statements are subject to risks and uncertainties and are qualified by the cautionary statements in Sky's 2010 annual report as amended by its 2011 interim management report. I'd now like to hand the call over to Mr. Jeremy Darroch, Chief Executive Officer. Please go ahead. Jeremy Darroch Okay. Thank you. Good morning, everybody, and thanks for joining the call today. I wanted to give you a quick overview of our results, and then Andrew and I will be happy to take any questions that you may have. First, let me say upfront that I'm very pleased with our results this quarter. We've delivered double-digit growth in profit earnings and cash flow, and we're growing customers and improving our product penetration mix at the same time. Of course, it's still hard there in the U.K. right now. I'm sure that you'll all be aware of the pressures that consumers are facing from rising prices and lower disposable income. And that's got an impact on the sectors in which we operate, as well as on the wider economy.