UK Cloud Company Iomart Group Plc Expects Pre-tax Profits To Top £10 Million

iomart Group plc (AIM:IOM), the UK cloud computing company, has issued a positive  pre-close trading statement for the year ending 31 March 2013 ahead of the announcement of its full year results.

For the year to 31 March 2013, iomart Group expects to show an adjusted EBITDA(1)of not less than £16.4 million (FY2012: £11.2 million) and adjusted(2)profit before tax of approximately £10.6 million (FY2012: £6.9 million) both ahead of market consensus. The Group has delivered strong organic growth as well as good performances from its acquired businesses and the Board sees that pattern continuing as further consolidation takes place.

Angus MacSween, CEO of iomart Group plc, said: “iomart continues to benefit from a compelling mix of a growing market, 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.”

The Group’s main enterprise hosting brand iomart Hosting continued to win a substantial number of contracts over the year, as the Group benefitted from the growing  adoption of cloud type services by organisations who need a strong  partner with the necessary infrastructure to provide the certainty, scalability and flexibility they are looking for. It also benefitted from the contribution of Melbourne Server Hosting, the Manchester server hosting business acquired in August 2012.

The Group’s domain name and web hosting brand Easyspace also delivered an improved performance in part as a result of the successful integration of the two acquisitions of Skymarket and HostingUK.

iomart Group plc expects to report its full year results for the year ending 31 March 2013 on Wednesday 29 May 2013.

To find out more about iomart Group view our company video http://youtu.be/85mThodt-lI

Notes

(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 and mark to market adjustments in respect of interest swap arrangements.

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For more information please contact:

Jane Robertson

PR Manager

iomart Group plc

jane.robertson@iomart.com

Tel: 0141 931 6400

Twitter: @iomartgroup

Notes for editors:

About iomart Group plc:

iomart Group plc (AIM:IOM) is one of the UK’s leading providers of managed hosting and cloud computing services. From a single server through to private cloud networks, iomart specialises in the delivery and management of mission-critical hosting services, enabling customers to reduce the costs, complexity and risks associated with maintaining their own web and online applications.

By physically owning and managing its own global network infrastructure, iomart offers world-beating levels of service to its customers. The Group offers a unique 100% uptime guarantee with all hosting services being engineered to ensure no single point of failure.

iomart Group operates in its chosen markets through a number of subsidiaries: iomart Hosting, Melbourne Server Hosting, RapidSwitch, Easyspace and iomartcloud. The Group has been listed on the London Stock Exchange's Alternative Investment Market (AIM) since April 2000.  For more information about iomart Group plc visit www.iomart.com