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Iomart Group PLC - Glasgow, Scotland-based managed services and cloud computing firm - Expects its financial year 2022 ended March 31 to be in line with market expectations. It says it expects an adjusted pretax profit of GBP17 million, down from GBP19.6 million a year ago.
Adjusted earnings before interest, tax, depreciation and amortisation are expected to shrink to GBP38 million from GBP41.4 million. The company sees its revenues falling to GBP103 million from GBP111.9 million.
"We have launched a number of new solutions to the market, recently entered into an exciting alliance to accelerate our managed cyber security offering, reshaped the commercial team and invested in our customer service tools and resource," comments Reece Donovan, chief executive officer.
The firm aims to release its financial year results on June 14.
Current Iomart stock price: 180.00 pence, up 9.5% on Tuesday
12-month change: down 44%
By Tom Budszus; tombudszus@alliancenews.com
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