Trading Update

RNS Number : 3761Y

Coms PLC

23 January 2014

 



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)                                                                                       [phone]

Iain Ross (Chairman)          

Charles Stanley Securities                                                                         [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies                                                                       

SI Capital Limited                                                                                        [phone]

(Joint Broker)

Andy Thacker / Nick Emerson                      

Newgate Threadneedle                                                                             [phone]

(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

 

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