Maintel Holdings PLC Trading Update (7064D)
02 February 2018 - 6:00PM
UK Regulatory
TIDMMAI
RNS Number : 7064D
Maintel Holdings PLC
02 February 2018
2 February 2018
Maintel Holdings PLC
Trading Update
Maintel Holdings PLC (the "Group" or "Maintel"), the leading
systems integrator and managed services provider, issues the
following trading update for the year ending 31 December 2017.
Further to the Group's trading update issued on 6 December 2017,
Maintel is pleased to announce that trading for the year ending 31
December 2017 is in line with expectations.
-- The Group has seen customer orders for Avaya installations
continue to recover. A promising pipeline is also developing which
is expected to have a positive impact on Managed Services and
Technology performance in Q1 2018.
-- The integration of Intrinsic Technology ("Intrinsic")
continues to go well and, in addition, Maintel is pleased to see an
increasing level of cross-sell across the Group; both in terms of
Cisco sales into the Maintel customer base and also sales of
Maintel's ICON suite of cloud and managed services into the
Intrinsic customer base.
The Group will deliver adjusted EBITDA of approximately GBP12.5
million for the year ended 31 December 2017, with revenue
marginally ahead of expectations. The closing net debt position
will also be better than previously expected.
As stated previously, and reflecting continued confidence in
underlying cash flows and the longer-term prospects for the Group,
it remains the current intention for the total full year 2017
dividend to grow 10% year on year, in line with existing
guidance.
The Board remains confident in delivering substantial growth in
revenue and EBITDA in the full year to 31 December 2018.
The Group will issue its final results for the year ending 31
December 2017 on 19 March 2018.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information please contact:
Eddie Buxton, Chief Executive 020 7401 4601
Mark Townsend, Chief Financial
Officer 020 7401 4663
finnCap
Jonny Franklin-Adams / Emily
Watts (Corporate Finance)
Stephen Norcross (Corporate
Broking)
020 7220 0500
Oakley Advisory (Financial
Advisor)
Christian Maher / Victoria
Boxall 020 7766 6900
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFFDFTILIIT
(END) Dow Jones Newswires
February 02, 2018 02:00 ET (07:00 GMT)
Maintel (LSE:MAI)
Historical Stock Chart
From Apr 2024 to May 2024
Maintel (LSE:MAI)
Historical Stock Chart
From May 2023 to May 2024