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(Alliance News) - Maintel Holdings PLC on Tuesday said sales momentum in 2025 has been slow to pick up, though revenue is beginning to improve.
Shares in the London-based cloud and communications platform fell 12% to 210.20 pence each on Tuesday morning in London.
According to Maintel, there is a trend of longer contract cycles and extended delivery lead times.
The firm expects performance to be second-half weighted, noting the slow conversion of first-half sales bookings, and what it described as "solid growth" in upcoming bookings. Maintel said it has implemented measures to ease the impact of higher employer costs, though the benefits thereof are only expected to materialise in the second-half.
"The company continues to content with widely publicised macroeconomic headwinds," Maintel noted.
"The board remains cautiously optimistic of meeting market expectations."
The company reported new deals with existing and new partners across its technology divisions, namely security and connectivity, customer experience, and unified communications and collaboration. These include a government contract signed in the first-half, and a new partnership with Zoom Communications Inc. Maintel was also eager to report the anticipated launch of its AuditTrackApp, which is expected "shortly".
Maintel in May posted lower revenue in 2024, despite a swing to profit.
Tuesday's update noted the firm has "strengthened" its leadership through by appointing a new chief operating officer, expected to join the firm during the summer. This follows the appointment in May of Chief Executive Dan Davies.
By Holly Munks, Alliance News reporter
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