Date: 15 December 2014
On behalf of: Enables IT Group plc ("Enables IT", the "Company" or the "Group")

Enables IT Group plc Trading Update

Enables IT, a leading provider of cloud computing, managed and professional services, has today published a trading update for the year ended 30 September 2014.
The Group today reports that revenue for the full year 2014 is expected to be marginally below market expectations at approximately £7 million. EBITDA in the second half is expected to be around breakeven resulting in an EBITDA for the full year 2014 of approximately -£0.4 million. Initiatives undertaken by the Management team resulted in Enables IT returning to trading profitably on an EBITDA basis during Q4
2014. The balance sheet remains adequately funded for the short term objectives of the Company with available cash of £0.6 million and recurring revenues remain in excess of 50%.
Looking forward to 2015, the Board remains encouraged by the on-going shift in market dynamics towards cloud-based IT services in the US and UK. The Group has continued to further invest in sales and marketing during the first half of the new financial year, particularly in respect of sales personnel, to ensure Enables IT capitalises on the revenue opportunity.
Commenting Mike Walliss, Chief Executive Officer of Enables IT Group plc said:

"After a mixed trading performance during 2014, I am pleased to report that the Group has found stability and is now well placed to build towards our strategic goals. This should ultimately to translate in to strong, profitable, cash generative growth as the market continues to adopt cloud based IT solutions."

-Ends-

Enquiries Enables IT Group plc Via Redleaf Polhill

Michael Walliss, CEO enablesit@redleafpr.com

Cenkos Securities plc (Nominated Adviser and Broker) +44 (0)20 7397 8900

Max Hartley, Corporate Finance
Andy Roberts, Sales

Redleaf Polhill (Financial PR) +44 (0)20 7382 4730

Dwight Burden
Rebecca Sanders-Hewett
David Ison
enablesit@redleafpr.com

About EnablesIT

Enables IT Group plc is a leading provider of cloud computing, managed and professional services in the UK and North America. From on-premise private cloud networks, our IAAS/SAAS platform HAVEN within both our US and UK Data centres, to backend core network and wireless solutions, Enables IT specialises in the delivery and management of mission-critical services, enabling customers to reduce the costs, complexity and risks associated with their IT infrastructure.

distributed by