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
25th Jan 20187:00 amRNSBusiness Update
5th Dec 20173:32 pmRNSMulti-million pound OEM for OneSpace
27th Oct 20179:36 amRNSForm 8.5 (EPT/RI)
26th Oct 201710:02 amRNSForm 8.5 (EPT/RI)
26th Oct 20179:57 amRNSNo intention to make an offer
25th Oct 201710:04 amRNSForm 8.5 (EPT/RI)
24th Oct 201710:43 amRNSForm 8.3 - RedstoneConnect plc
19th Oct 201710:33 amRNSForm 8.5 (EPT/RI)
18th Oct 201712:24 pmRNSFurther re: possible offer
18th Oct 201710:50 amRNSForm 8.5 (EPT/RI)
17th Oct 201710:10 amRNSForm 8.5 (EPT/RI)
16th Oct 201710:19 amRNSForm 8.5 (EPT/RI)
13th Oct 201711:18 amRNSForm 8 (OPD) A P System Holdings Limited
13th Oct 201711:18 amRNSForm 8 (OPD) RedstoneConnect plc
13th Oct 201710:06 amRNSForm 8.5 (EPT/RI)
12th Oct 201712:53 pmRNSForm 8.5 (EPT/RI)
12th Oct 201712:42 pmRNSForm 8.3 - RedstoneConnect Plc
11th Oct 20172:13 pmRNSForm 8.5 (EPT/RI) Amendment
11th Oct 201711:47 amRNSForm 8.5 (EPT/RI)
11th Oct 201711:04 amRNSForm 8.3 - [REDSTONECONNECT]
11th Oct 201711:01 amRNSForm 8.3 - [REDSTONECONNECT]
11th Oct 20179:40 amRNSForm 8.3 - [REDSTONE CONNECT]
10th Oct 201712:29 pmRNSForm 8.3 announcement - Gert Fieremans
10th Oct 20179:48 amRNSForm 8.5 (EPT/RI)
10th Oct 20177:00 amRNSInterim Results
9th Oct 20173:37 pmRNSForm 8 (OPD) RedstoneConnect Plc
6th Oct 20179:49 amRNSForm 8.5 (EPT/RI)
5th Oct 201711:23 amRNSForm 8.5 (EPT/RI)
4th Oct 201712:18 pmRNSFurther response re: Possible Offer
4th Oct 201710:26 amRNSForm 8.5 (EPT/RI)
3rd Oct 20174:52 pmRNSForm 8.3 - RedstoneConnect plc
3rd Oct 20172:34 pmRNSForm 8.3 - RedstoneConnect Plc
3rd Oct 201711:14 amRNSForm 8.5 (EPT/RI)
2nd Oct 201710:21 amRNSForm 8.5 (EPT/RI)
2nd Oct 201710:17 amRNSForm 8.3 - [REDSTONECONNECT]
2nd Oct 20179:43 amRNSDavid Newlands Form 8.3 - RedsoneConnect plc
29th Sep 20175:54 pmRNSHolding(s) in Company
29th Sep 20174:28 pmRNSForm 8.3 - RedstoneConnect PLC
29th Sep 20177:00 amRNSResponse re: Possible Offer
28th Sep 20174:52 pmRNSPossible Offer for RedstoneConnect plc
28th Sep 201712:00 pmRNSHolding(s) in Company
28th Sep 20179:43 amRNSHolding(s) in Company
27th Sep 20179:52 amRNSHolding(s) in Company
26th Sep 20177:00 amRNSRedstoneConnect extends IBC and DAS deployment
20th Sep 201712:04 pmRNSHolding(s) in Company
19th Sep 20177:00 amRNSContract Win
12th Sep 20177:00 amRNSHolding(s) in Company
8th Sep 20177:00 amRNSTrading Update & Notice of Results
22nd Aug 201710:15 amRNSHolding(s) in Company
10th Aug 201710:33 amRNSHolding(s) in Company

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.