UK Cloud Company Iomart Expects To Announce Pre Tax Profits Of £14.5million
iomart Issues Positive Pre-Close Trading Statement
GLASGOW, Scotland--(BUSINESS WIRE)--iomart Group plc (AIM:IOM), one of the UK and Europe’s leading cloud companies has issued its pre-close trading statement for the year ending 31 March 2014 ahead of the announcement of its full year results.
“iomart has enjoyed another year of good organic growth, buoyed by our recent acquisitions. There is no doubt that we are seeing a long term shift towards a cloud dominated technology landscape, and we are well positioned to take advantage of that.”
For the year to 31 March 2014, iomart expects to show adjusted EBITDA of approximately £23.6 million (FY2013: £16.4 million) and adjusted profit before tax of around £14.5 million (FY2013: £10.6 million) both slightly ahead of market consensus expectations.
Over the period, iomart has delivered strong organic growth combined with good performances from its acquired businesses Backup Technology and Redstation. The Board anticipates these dual drivers of growth continuing over the coming period.
Angus MacSween, Chief Executive of iomart, said: “iomart has enjoyed another year of good organic growth, buoyed by our recent acquisitions. There is no doubt that we are seeing a long term shift towards a cloud dominated technology landscape, and we are well positioned to take advantage of that.”
iomart expects to report its full year results for the year ending 31 March 2014 on Wednesday 28 May 2014.
For the full announcement made to the London Stock Exchange click here.
iomart is named in the London Stock Exchange report ‘1000 Companies to Inspire Britain.’
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About iomart
iomart Group plc (AIM:IOM) is one of the UK’s leading providers of mission-critical cloud and managed hosting services. iomart owns and manages datacentres at eight locations in the UK, has its own fast fibre network and offers a unique 100% uptime guarantee. It operates through a number of subsidiaries: iomart Hosting, Melbourne Server Hosting, RapidSwitch, Redstation, Backup Technology, Easyspace and iomartcloud. www.iomart.com
Contacts
iomart
Jane Robertson
PR Manager
jane.robertson@iomart.com
0141-931-6400
@iomart
About iomart
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iomart is one of the UK’s leading providers of complex managed and cloud hosting services. From a single server through to a private cloud network, 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 network infrastructure, including ten UK data centres, at eight locations, the company offers world-beating levels of service to its cust... read more
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