REGISTER: Hear how Fulcrum Metals (FMET) is board restructuring to support its strategic focus on Canada. Find out at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksMaintel Share News (MAI)

Share Price Information for Maintel (MAI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 230.00
Bid: 220.00
Ask: 240.00
Change: 0.00 (0.00%)
Spread: 20.00 (9.091%)
Open: 230.00
High: 230.00
Low: 230.00
Prev. Close: 230.00
MAI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Maintel shares tumble as delayed revenues drag EBITDA

Wed, 21st Nov 2018 09:44

(Sharecast News) - Maintel shares tumbled in early trading on Wednesday after the cloud services provider warned investors of lower revenues and earnings in its second half.New sales had been "relatively strong" throughout the half, but the company noted there had been a "significant shift" in its sales mix away from short-term projects where revenue and EBITDA can be quickly recognised, to longer-term recurring revenue."This trend is forecast to continue over the remainder of the current financial year and into 2019," said MaintelThe AIM-quoted firm also noted that, having entered the second half with a "healthy backlog of project work", some projects planned for completion in the second half had been delayed, pushing revenues into next year and adversely affecting EBITDA.As a result, the board now expects adjusted EBITDA for the year ended 31 December 2018 to be in the range of £12m to £12.5m - down from the £12.5m to £13m previously forecast but ahead of the £10.9m recorded a year earlier.As of 0950 GMT, Maintel shares had crashed 20.66% to 480p.
More News
19 Sep 2024 11:50

Maintel Holdings maintains positive outlook as interim losses narrow

(Alliance News) - Maintel Holdings PLC on Thursday said that it expects to show further improvement in financial performance, after narrowing its losses in the first half.

Read more
12 Sep 2024 13:55

UK earnings, trading statements calendar - next 7 days

Read more
7 Aug 2024 17:29

TRADING UPDATES: CLS loss narrows; SIMEC strikes BESS deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
19 Jun 2024 15:50

IN BRIEF: Maintel aims to meet forecasts despite slow first half sales

Maintel Holdings PLC - London-based cloud and managed communications service provider - Issues trading statement ahead of Wednesday's annual general meeting. "Although mindful of the headwinds faced by the company, the board is cautiously optimistic at this point about delivering against market expectations," Maintel says. Points out sales pipeline remains buoyant and cost control and working capital management is being kept in clear focus. But, notes inbound cost pressures continue to provide a challenge and new contracts were closed later in the year than initially anticipated. This means revenue in the first half of the year has been slower than expected, with the second half set to deliver significantly more revenue than the first as the now secured order book is delivered and more of the pipeline is developed and closed.

Read more
12 Jun 2024 16:07

UK shareholder meetings calendar - next 7 days

Read more
1 May 2024 13:14

EARNINGS: Anexo revenue up; Maintel hails "confident start" to 2024

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
24 Apr 2024 14:19

UK earnings, trading statements calendar - next 7 days

Read more
19 Apr 2024 20:20

CORRECT: Maintel says Executive Chair Carol Thompson to leave post

(Corrected to clarify that Thompson's resignation is not linked to the delay in the release of results.)

Read more
18 Apr 2024 13:42

IN BRIEF: Maintel says exec chair to resign following results delay

Maintel Holdings PLC - London-based cloud and managed communications service provider - Says Executive Chair Carol Thompson is to leave her role with immediate effect, and further, that Deputy Chair John Booth will not stand for re-appointment at the next AGM. Intends to look for a new non-executive chair to support the "continued transformation of Maintel".

Read more
16 Apr 2024 13:45

UK earnings, trading statements calendar - next 7 days

Read more
27 Feb 2024 13:56

IN BRIEF: Maintel Holdings name Dan Davies as interim CEO

Maintel Holdings PLC - London-based cloud and managed communications service provider - Says that, after successfully completing the initial phases of its turnaround plan, Dan Davies has taken over as interim chief executive officer while the company looks for a permanent replacement. Maintel explains that this will allow Carol Thompson to focus on her executive chair role. Both changes are effective immediately.

Read more
22 Jan 2024 13:55

Reorganised Maintel flags improved full-year revenue, earnings

(Sharecast News) - Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.

Read more
22 Jan 2024 10:20

Maintel hails "acceleration in trading momentum" above expectations

(Alliance News) - Maintel Holdings PLC on Monday said it traded above expectations in the second half of 2023, after supply chain conditions normalised.

Read more
19 Sep 2023 11:50

TRADING UPDATES: Maintel outlook promising; Good Energy revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.