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iomart Group plc pre-close Trading Statement and Notice of Results

19th March 2012 · Investor News

iomart Group plc, the parent company of iomart Hosting, has today released a pre close trading statement and a notice of its annual results.

The company has stated that it has achieved a very strong set of results ahead of market forecasts, and is confident of further growth in the next financial year and beyond.

iomart Group expects to show an adjusted EBITDA of not less than £11m for the year to 31 March 2012 compared to £6.6m for the same period in 2011. Adjusted pre-tax profit is expected to be around £6.7m compared to £3.6m the previous year.

CEO Angus MacSween said, “iomart continues to benefit from a compelling mix of recurring revenues, sticky customers, good forward visibility and a leading competitive position. As a result we remain very confident of further growth in the next financial year and beyond.”

“Having successfully purchased and integrated Switch Media, EQSN and Global Gold during this financial year the Group continues to pursue additional opportunities for continued accelerated growth through acquisitions,” MacSween added.

The full statement can be found here.

 

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