Iomart Group PLC Pre-close Trading Update (1669S)
29 September 2017 - 4:01PM
UK Regulatory
TIDMIOM
RNS Number : 1669S
Iomart Group PLC
29 September 2017
29 September 2017
iomart Group plc
("iomart" or the "Group" or the "Company")
Pre-close Trading Update
iomart Group plc (AIM:IOM), the cloud computing company, is
pleased to provide its pre-close trading statement for the six
months ending 30 September 2017, ahead of the announcement of its
half yearly results.
Group trading performance
The Board is pleased to report that the business has continued
to perform well in the first half of the financial year, with
trading in the six months ending 30 September 2017 in line with
management expectations. The business remains firmly on track to
deliver another year of material growth.
The Group has seen strong demand for its services as enterprises
continue to move their services into the cloud. With our wide range
of cloud products, services and consultancy offerings covering
private, public and hybrid cloud solutions, iomart is ideally
placed to advise these enterprises on the best solution to fit
their needs and then to implement the chosen solution.
In May 2017 we acquired, Dediserve, expanding the geographical
reach of our cloud operation. The business has performed well since
acquisition, in line with management expectations.
Maiden interim dividend
At the end of our last financial year we revised our dividend
policy due to our robust cash generation and low level of gearing.
As a result, we increased our final dividend for that year by 90%
to 6p per share. We now intend to introduce an interim dividend
payment in this financial year and further details of this will be
given with the publication of our half year results.
Outlook
The market opportunity remains strong and we are well positioned
to take advantage of it. The Board is confident in the outlook for
the full year and optimistic for continued success.
Angus MacSween, CEO of iomart Group plc, commented:
"The Group has performed strongly in the period as we
consolidate our competitive advantage within the hybrid cloud
market. There is growing demand from enterprises moving their
services into the cloud and our reputation as the UK's leading
cloud computing company means we are ideally placed to service this
demand."
For further information:
iomart Group plc Tel: 0141 931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser Tel: 020 7418 8900
and Broker)
Edward Knight
Nick Prowting
Alma PR Tel: 020 8004 4217
Hilary Buchanan
John Coles
Helena Bogle
About iomart Group plc
iomart Group Plc (AIM: IOM) helps organisations maximise the
flexibility, cost effectiveness and security of the cloud. From
strategy to delivery, our 300+ consultants and solutions architects
provide the cloud expertise to transform your business. With a
dynamic range of managed cloud services that integrate with the
public clouds of AWS and Azure, our agnostic approach delivers
solutions tailored to your exact needs. iomart is a long term
supplier to G-Cloud and our infrastructure and cloud and backup
services are designed to meet the requirements of the UK public
sector.
For further information about the Group, please visit
www.iomart.com
This information is provided by RNS
The company news service from the London Stock Exchange
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