Trading Update

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: [phone]
Angus MacSween
Richard Logan
Peel Hunt LLP (Nominated Adviser and Broker)	Tel: [phone]
Richard Kauffer Daniel Harris
Newgate Threadneedle	Tel: [phone]
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

 

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