Trading Update

RNS Number : 6852A

Coms PLC

24 February 2014

 

24 February 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 final 2013/14 annual report and accounts.

The company is pleased to state the following:-

·     Revenues for the year will be approximately £14.0 million.

·     EBITDA for the year will be approximately £0.75 million

·     Profit before tax for the year will be approximately £0.45 million

The company anticipates that the annual report and accounts will be audited and signed off and released in May 2014 with the AGM being held in June 2014.

Dave Breith, CEO of Coms, commented:

"The company embarked on an incredible journey 12 months ago and I cannot stress enough the hard work and determination of all the Coms group staff. They have all been instrumental in achieving such an excellent financial performance. Growing a company in the manner that we have, by efficiently acquiring and integrating numerous complementary businesses, whilst ensuring continued fast organic growth in the core business and achieving profitability is certainly the hardest task I have ever had to perform. It has been a privilege to lead the Coms team and to turn this business around and I am very much looking forward to sharing my vision for the future which will be outlined in detail in my CEO statement in the audited annual report & accounts."

For further information, please contact:

Coms plc                                                                                                                               [phone]

David Breith (CEO)

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 / Alex White

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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