23 Jan 2014 12:59
23 January 2014
Coms plc("Coms" or the "Company")
Trading Update
Coms plc (AIM: COMS) is pleased to issue the following trading update ahead of the Company's 2013/14 year end. The company is pleased to state the following:-
· Revenues for the year will be significantly ahead of management expectations driven by significant growth in organic revenues as well as outperformance within Coms' acquired subsidiaries.
· EBITDA for the year will be positive.
The company anticipates giving a further trading update within the first few weeks of February once more accurate numbers are known.
Dave Breith, CEO of Coms, commented: "I am delighted with the successful turnaround we have managed to implement at Coms in the last year. The speed of integration and performance of the businesses we have acquired has been beyond our expectations and our recently announced contract wins give us great confidence that we can continue our growth going into the new financial year. "
For further information, please contact: |
Coms plc
David Breith (CEO) +44 (0) 207 148 3000
Iain Ross (Chairman)
Charles Stanley Securities +44 (0)207 149 6000
(Nominated Adviser and Joint Broker)
Karri Vuori / Philip Davies
SI Capital Limited +44 (0) 1483 413 500
(Joint Broker)
Andy Thacker / Nick Emerson
Newgate Threadneedle +44 (0) 207 653 9858
(PR)
Robyn McConnachie
Notes to Editors
About Coms
Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com