Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSMRT.L Regulatory News (SMRT)

  • There is currently no data for SMRT

Trading Update

3 Dec 2013 07:00

RNS Number : 4716U
Coms PLC
03 December 2013
 



 

03 December 2013

 

Coms plc

("Coms" or the "Company")

 

Trading Update

 

Coms plc (AIM: COMS) is pleased to issue the following trading update for the 9 Month period ending October 2013. The board is pleased to report and announce:

 

· That trading in the 9 month period to October 2013 has been strong and revenue and EBITDA are in line with management expectations. The order book for the remainder of the year is promising and we are confident of our prospects for the full year.

 

· That all acquisitions, including Coms' newly acquired subsidiary Communica Holdings Ltd. ("Redstone"), made during 2013 are expected to be fully integrated by the year-end.

 

· Further contract wins with Taunton & Somerset NHS Trust, London Borough of Barnet, University of Kent, North Wales Hospital, Surrey and Sussex Healthcare, Harrogate District Foundation Trust, West Midlands NHS Trust and Gateshead NHS Foundation Trust. These, and other wholesale contract wins, further demonstrate the Company's ability to achieve organic growth.

 

· That the new Headquarters in Stokenchurch, Buckinghamshire and "centre of excellence" will be operational within the next 10 days. Approximately 50 staff will move immediately into these new offices, which can accommodate circa 200 people with the additional capacity being used for the anticipated increased activity during 2014. Accordingly before the year-end the Company will close down its London, Cannon Street offices and move the London based staff into Redstone's offices in Old Broad Street in the City.

 

Dave Breith, CEO of Coms, stated: "I am extremely pleased with our 9 months trading result since my appointment as CEO at the start of the year. We have enjoyed record order levels combined with healthy cash generation throughout the period which, together with the acquisitions we have made, positions the Company well for a successful year and gives us confidence in continuing our growth into the next financial year. The Group has executed all activity undertaken on time, to plan and within budget. This has been a transformational period for our business and I am looking forward to updating our shareholders on our last quarter's trading performance and publishing our full year Group accounts following our year end on 31 January 2014."

 

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

 

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKBDBQBDDABK
Date   Source Headline
4th May 20201:50 pmRNSHolding(s) in Company
30th Apr 20202:27 pmRNSHolding(s) in Company
28th Apr 202011:05 amRNSSecond Price Monitoring Extn
28th Apr 202011:00 amRNSPrice Monitoring Extension
28th Apr 20207:00 amRNSSwipedOn Lockdown Activity
24th Apr 20203:36 pmRNSHolding(s) in Company
23rd Apr 20207:00 amRNSCovid-19 & Trading update
21st Apr 20205:54 pmRNSHolding(s) in Company
18th Mar 20208:22 amRNSHolding(s) in Company
9th Mar 20205:48 pmRNSHolding(s) in Company
12th Feb 20204:37 pmRNSHolding(s) in Company
11th Feb 20207:00 amRNSNext Generation Panel Launch via Evoko Partnership
31st Jan 20205:03 pmRNSHolding(s) in Company
30th Jan 20207:00 amRNSHolding(s) in Company
28th Jan 202012:10 pmRNSHolding(s) in Company
28th Jan 202011:00 amRNSHolding(s) in Company
23rd Jan 20207:00 amRNSTrading Statement
4th Nov 20192:01 pmRNSHolding(s) in Company
4th Nov 201912:14 pmRNSHolding(s) in Company
31st Oct 20197:00 amRNSInterim Results
31st Oct 20197:00 amRNSAcquisition and Placing
14th Oct 20197:00 amRNSAppointment of Joint Broker
29th Jul 201910:17 amRNSPresenting at Annual Growth Conference
26th Jul 20191:30 pmRNSResult of AGM
23rd Jul 20197:00 amRNSStrong progress at SwipedOn
3rd Jul 20197:00 amRNSNotice of AGM
14th Jun 20192:21 pmRNSHolding(s) in Company
13th Jun 201910:30 amRNSAvailability of 2019 Report & Accounts
8th May 20197:00 amRNSFinal Results
25th Apr 20197:00 amRNSNotification of Final Results
15th Apr 20197:00 amRNSChange of Registered Office
4th Mar 20197:00 amRNSTrading Update
30th Jan 20194:00 pmRNS£1.25 million Hospitality Contract Win
28th Nov 20187:00 amRNSContract Win with Leading International Bank
27th Nov 20187:01 amRNSBoard Changes
27th Nov 20187:00 amRNSChange of Adviser
26th Nov 20187:00 amRNSInternational Partnering Agreement
18th Oct 20184:45 pmRNSGrant of, and amendments to, Share Options
16th Oct 20187:01 amRNSAcquisition of Swiped On Limited
16th Oct 20187:00 amRNSHalf-year Report
9th Oct 201812:19 pmRNSNotice of Results
1st Aug 20185:08 pmRNSGrant of EMI Options
30th Jul 20182:51 pmRNSResult of AGM and Change of Name
6th Jul 20183:56 pmRNSNotice of AGM
18th Jun 20183:09 pmRNSCompletion of Disposal
15th Jun 201810:51 amRNSResult of General Meeting & Completion of Disposal
15th Jun 20187:00 amRNSDirectorate Change
29th May 20187:01 amRNSFinal Results
29th May 20187:00 amRNSProposed £21.6m cash disposal & Notice of GM
30th Apr 20187:00 amRNSTrading Update

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.