Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIomart Regulatory News (IOM)

Share Price Information for Iomart (IOM)

Share Price is delayed by 15 minutes
Get Live Data
19.00    0.00 (0.00%)
Bid:
18.50
Ask:
19.20
Spread: 0.70 (3.784%)
Market Cap: £21.58m
IOM Live PriceLast checked at - London Stock Exchange

Intraday Iomart Share Chart

Trading Update

26 Mar 2013 07:00

RNS Number : 8350A
Iomart Group PLC
26 March 2013
 



Date: 26 March 2013

On behalf of: iomart Group plc ("iomart" or the "Group")

Embargoed until: 0700hrs

iomart Group plc

Pre-close Trading Statement and Notice of Results

iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the year ending 31 March 2013 ahead of the announcement of its full year results.

 

Group Trading Performance

The Board is delighted to report that iomart has achieved a very strong set of results. For the year to 31 March 2013, the 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.

 

Operations

iomart Hosting has continued to win a substantial number of contracts over the year, as the Group continues to benefit 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, the hosting business acquired in August 2012. Easyspace has also delivered an improved performance in part as a result of the successful integration of the acquisitions of Skymarket and HostingUK.

Notice of Results

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

Angus MacSween, CEO of iomart Group plc, stated:

"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."

 (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.

For further information:

iomart Group plc

Tel: 0141 931 6400

Angus MacSween

Richard Logan

Peel Hunt LLP

(Nominated Adviser and Broker)

Tel: 020 7418 8900

 

Richard Kauffer

Daniel Harris

Newgate Threadneedle

Tel: 020 7653 9850

Caroline Evans-Jones

Hilary Millar

About iomart Group plc 

iomart Group is one of the UK's leading providers of cloud and managed hosting, specialising 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.

 

iomart Group owns and manages data centres at seven locations across the UK as well as its own dedicated high speed fibre network The Group offers a unique 100% business uptime guarantee with all hosting services being engineered to ensure no single point of failure.

 

iomart Group operates through a number of subsidiaries: iomart Hosting, Melbourne Server Hosting, RapidSwitch, Easyspace and iomartcloud. Services offered include: Cloud Computing (Infrastructure as a Service), Managed Hosting, Colocation, Content Delivery Networks, IP Transit, Data Centre Services.

 

iomart Group has been listed on the London Stock Exchange's Alternative Investment Market (AIM) since April 2000. For further information about the Group, please visit www.iomart.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTJAMPTMBMTBBJ
Date   Source Headline
1st Feb 20168:00 amRNSHolding(s) in Company
1st Feb 20168:00 amRNSHolding(s) in Company
26th Jan 20165:11 pmRNSHolding(s) in Company
26th Jan 201612:40 pmRNSHolding(s) in Company
8th Jan 20162:18 pmRNSHolding(s) in Company
24th Dec 201512:40 pmRNSSecond Price Monitoring Extn
24th Dec 201512:35 pmRNSPrice Monitoring Extension
7th Dec 20152:04 pmRNSExercise of Options
2nd Dec 20157:00 amRNSHalf Yearly Report
1st Dec 20157:00 amRNSAcquisition of United Communications Limited
30th Oct 20157:00 amRNSNotice of Results
30th Sep 20157:00 amRNSPre-close Trading Update
4th Sep 20157:00 amRNSDirector/PDMR Shareholding
1st Sep 20154:00 pmRNSBLOCK LISTING SIX MONTHLY RETURN
1st Sep 201510:56 amRNSTransaction in Own Shares and Total Voting Rights
28th Aug 201512:43 pmRNSGrant of Options
26th Aug 20151:59 pmRNSResult of AGM
12th Aug 201510:45 amRNSLaunch of 2015 SAYE Scheme
31st Jul 20154:30 pmRNSTransaction in Own Shares and Total Voting Rights
14th Jul 20155:09 pmRNSHolding(s) in Company
14th Jul 201510:10 amRNSHolding(s) in Company
9th Jun 20157:00 amRNSFinal Results
8th Jun 20157:00 amRNSAcquisition of SystemsUp Limited
7th May 20157:00 amRNSNotice of Results
30th Apr 20151:03 pmRNSTotal Voting Rights
29th Apr 201511:47 amRNSHolding(s) in Company
1st Apr 20157:00 amRNSPre-Close Trading Update
4th Mar 201510:08 amRNSBlocklisting Interim Review
23rd Feb 201510:25 amRNSHolding(s) in Company
12th Feb 20154:46 pmRNSHolding(s) in Company
3rd Feb 20155:45 pmRNSHolding(s) in Company
28th Jan 20153:05 pmRNSHolding(s) in Company
6th Jan 20152:38 pmRNSHolding(s) in Company
10th Dec 20145:00 pmRNSHolding(s) in Company
9th Dec 20147:00 amRNSHalf Yearly Report
31st Oct 20147:00 amRNSNotice of Results
26th Sep 20144:35 pmRNSPrice Monitoring Extension
25th Sep 201412:32 pmRNSGrant of Options
18th Sep 20142:00 pmRNSForm 8.3 - IOMART GROUP PLC
17th Sep 201412:49 pmRNSForm 8.3 - IOMART GROUP PLC
17th Sep 201412:13 pmRNSForm 8.3 - Iomart Group PLC
16th Sep 20143:05 pmRNSForm 8.3 - Iomart Group Plc
16th Sep 201411:59 amRNSForm 8.5 (EPT/RI) - iomart Group Plc
16th Sep 201410:45 amRNSForm 8.3 - IOMART GROUP PLC
16th Sep 201410:01 amRNSForm 8.5 (EPT/RI) - Iomart Group Plc
16th Sep 20147:00 amRNSResponse to Host announcement and Trading Update
15th Sep 20145:13 pmRNSOffer Talks Terminated
15th Sep 20142:00 pmRNSForm 8.3 - IOMART GROUP PLC
15th Sep 201411:59 amRNSForm 8.5 (EPT/RI) - iomart Group Plc
15th Sep 201410:31 amRNSForm 8.5 (EPT/RI) - Iomart Group Plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.