Iomart Group PLC Pre-Close Trading Update (0722J)
April 01 2015 - 2:00AM
UK Regulatory
TIDMIOM
RNS Number : 0722J
Iomart Group PLC
01 April 2015
1 April 2015
iomart Group plc
Pre-close Trading Statement
iomart Group plc (AIM:IOM), the cloud computing company, is
pleased to provide its pre-close trading statement for the year
ending 31 March 2015 ahead of the announcement of its full year
results.
Group Trading Performance
The Board is pleased to report that iomart expects to deliver
another good set of results.
For the year to 31 March 2015, the Group expects to show
adjusted EBITDA(1) of approximately GBP29.0 million (FY2014:
GBP23.6 million) and adjusted(2) profit before tax of approximately
GBP16.6 million (FY2014: GBP14.6 million) both in line with
consensus market expectations.
Over the period, the Group has delivered solid organic growth
combined with good performances from its acquired businesses, and
the Board anticipates these dual drivers of growth continuing in
future.
Operations
The Hosting segment has continued to win a substantial amount of
new business over the year, as the Group continues to benefit from
the growing adoption of cloud services by organisations that need a
strong partner with the necessary infrastructure to provide the
certainty, scalability and flexibility they are looking for.
Hosting also benefitted from the full year contribution of
Redstation, and Backup Technology, the cloud backup business, both
of which were acquired in September 2013 and ServerSpace which has
contributed to the results since its acquisition in December
2014.
Easyspace has also performed in line with expectations over the
year.
Angus MacSween, CEO of iomart Group plc, stated:
"iomart has delivered another solid year of growth. The long
term opportunity remains very real and iomart is well positioned to
take advantage of growth in the Cloud."
(1) adjusted EBITDA means earnings before interest, tax,
depreciation, amortisation, share based payment charges,
acquisition related costs and non-recurring acquisition integration
costs.
(2) adjusted profit before tax means profits before, tax, share
based payment charges, amortisation of acquired intangibles,
acquisition related costs, non-recurring acquisition integration
costs, mark to market adjustments in respect of interest swap
arrangements and in the comparative period the accelerated write
off of arrangement fees on the bank borrowing facility which was
repaid early in the prior period.
For further information:
iomart Group plc Tel: 0141 931 6400
Angus MacSween
Richard Logan
Peel Hunt LLP Tel: 020 7418 8900
(Nominated Adviser and Broker)
Richard Kauffer
Edward Fox
Newgate Tel: 020 7653 9850
(Financial PR)
Adam Lloyd
Robyn McConnachie
Ed Treadwell
About iomart Group plc
Award winning cloud company iomart Group PLC (AIM:IOM) enables
businesses and organisations to operate their online data and IT
environments safely and securely. Headquartered in Glasgow,
Scotland, iomart partners with leading vendors such as VMware,
Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a
centrally managed, controlled and completely agnostic set of
hybrid, private and public cloud platforms. By owning a global
network and datacentre infrastructure, iomart can support any
customer who wishes to move seamlessly between any and all of these
platforms with a consultative level of knowledge and expertise,
delivering cloud services to meet exact business needs. For more
information visit www.iomart.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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