TIDMIOM

RNS Number : 6203T

Iomart Group PLC

31 March 2016

31 March 2016

iomart Group plc

('iomart' or the 'Group')

Pre-close Trading Statement

iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the year ending 31 March 2016 ahead of the announcement of its full year results.

Group Trading Performance

The Board is pleased to report that iomart expects to deliver another excellent set of results.

For the year to 31 March 2016, the Group expects to show adjusted EBITDA(1) of approximately GBP32.3 million (FY2015: GBP29.1 million) and adjusted(2) profit before tax of approximately GBP18.8 million (FY2015: GBP16.6 million) both in line with consensus market expectations.

Over the period, the Group has delivered solid organic growth combined with good performances from its acquired businesses, and the Board anticipates these dual drivers of growth continuing in the future.

Operations

The Hosting segment has continued to win a substantial amount of new business over the year, benefiting from the growing adoption of cloud services by organisations that need a strong partner with the necessary infrastructure, skills and experience to provide the certainty, scalability and flexibility they require. Hosting also benefitted from the full year contribution of ServerSpace which was acquired in December 2014 and SystemsUp which has contributed to the results since its acquisition in June 2015. The choices for businesses considering a move to the cloud are ever more complex and iomart's ability to provide consultancy and services across the whole cloud spectrum, including public, private and hybrid cloud, leaves us well positioned for future growth.

Easyspace has also performed in line with expectations over the year and has benefitted from the contribution of United Communications since its acquisition in November 2015.

Notice of Results

The Group expects to report its results for the year to 31 March 2016 on Tuesday 7 June 2016.

Angus MacSween, CEO of iomart Group plc, stated:

'iomart has delivered yet another solid year of growth. The long term opportunity remains very real and iomart continues to broaden its cloud skills, experience and breadth of management to ensure it is well positioned for future growth.'

(1) adjusted EBITDA means earnings before interest, tax, depreciation, amortisation, share based payment charges, acquisition related costs and non-recurring acquisition items.

(2) adjusted profit before tax means profits before, tax, share based payment charges, amortisation of acquired intangibles, acquisition related costs, non-recurring acquisition related items, mark to market adjustments in respect of interest swap arrangements and the accelerated write off of arrangement fees on the bank borrowing facility which was repaid early in the period.

For further information: 


 
 iomart Group plc      Tel: 0141 931 6400 
 Angus MacSween 
  Richard Logan 
 
 Peel Hunt LLP         Tel: 020 7418 8900 
  (Nominated Adviser 
  and Broker) 
 Richard Kauffer 
  Euan Brown 
 
 Alma PR               Tel: 020 8004 4218 
  (Financial PR) 
  Caroline Forde 
  Hilary Buchanan

About iomart Group plc

iomart Group PLC (AIM: IOM) delivers cloud consultancy, facilitation and digital transformation to ISVs, SMEs, enterprises and the UK public sector. The award-winning and highly ISO accredited hosting company provides public, private and hybrid cloud solutions - including managed AWS and Microsoft Azure - from a network of secure UK data centres connected by a high capacity private fibre network.

iomart is a long term supplier to G-Cloud and its infrastructure and cloeet the requirements of the UK public sector. They are certified for connection to the Public Services Network (PSN) and N3 NHS network and are CESG Pan Government Accredited.

To find out more about how iomart delivers any cloud your way visit www.iomart.com

This information is provided by RNS

The company news service from the London Stock Exchange

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March 31, 2016 02:00 ET (06:00 GMT)

Iomart Group plc issued this content on 31 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 06:16:15 UTC

Original Document: https://www.iomart.com/investors/securities-information/regulatory-news?id=http://corp2.advfn.com/index.php?pid=rns&compId=17&articleId=70942937