TIDMIOM
RNS Number : 5384X
Iomart Group PLC
05 May 2021
5 May 2021
iomart Group plc
("iomart" or the "Group" or the "Company")
Capital Markets Day
iomart Group plc (AIM: IOM), the cloud computing company, as
notified at the time of its pre-close trading update on 7 April
2021, will be hosting a virtual Capital Markets Day at 2pm today.
The event will provide an update to investors and analysts on the
evolution of the Group's strategy.
Investors and analysts wishing to attend the event should
register by contacting iomart@almapr.co.uk.
The presentation will discuss the Group's aspirations to:
-- Exceed GBP200m+ revenue within 5 years
-- Be a leading secure hybrid cloud business
-- Be a trusted business and service partner for our
customers
-- Expand our solution, service, skill and geographical
reach
The presentation will outline the strategic value creation
roadmap for the next two years, centred around four areas of
activity which will build upon the strong foundations of today:
-- Core portfolio organic growth
-- New services and geographies
-- Complementary acquisitions
-- Protect the existing base of run rate Revenue &
EBITDA
No new material trading information will be disclosed, however
Scott Cunningham, CFO will outline medium-term financial targets
for revenue (greater than GBP200m), adjusted EBITDA (1) margin %
(more than 30%), adjusted profit before tax (2) margin % (more than
15%) and average free cash flow (3) as a % of revenue (more than
15%). The speed and accuracy of reaching targets will depend on
specific timing of investments and M&A made.
A copy of the presentation will be made available on the
Company's website at 2pm to coincide with the start of the event
using the following link:
https://docs.iomart.com/investors/financial-reports/ .
Reece Donovan, Chief Executive Officer, commented :
"Today we outline the start of a new chapter for iomart,
building on the strengths of our current business model. Our
customers expect highly reliable connectivity and infrastructure
services, and a seamless user journey across all platforms. They
are looking for the support to protect their information and that
of their customers. We have the infrastructure, expertise and track
record to meet those expectations and guide businesses as they
prepare to adapt to new ways of working now and in the future.
"The future of work has shifted in light of the global pandemic
with a sharp increase in combined remote and in-office working
practices being adopted throughout the UK market and beyond. We
believe we are in a fantastic position to support these
accelerating trends by building on our proven delivery model and
further augmenting our offering with additional focus on the tools
and services required for businesses to connect, secure and scale
operations in the new hybrid working environment.
"We have identified a significant market opportunity, growing
our propositions in hybrid cloud, security, the Digital Workplace
and connectivity. With a clear strategic route-map in place for
future growth, I am confident in our ability to capture the
opportunity ahead."
(1) adjusted EBITDA means earnings before interest, tax,
depreciation, amortisation, share based payment charges, gains or
losses on revaluation of contingent consideration, acquisition
related costs and non-recurring items.
(2) adjusted profit before tax means profits before, tax, share
based payment charges, amortisation of acquired intangibles, gains
or losses on revaluation of contingent consideration, acquisition
related costs and non-recurring items.
(3) free cash flow means cash flow from operations less taxation
payments and investments in tangible and intangible assets
(excluding any acquisition related costs and non-recurring
items).
For further information:
iomart Group plc Tel: 0141 931 6400
Reece Donovan, Chief Executive Officer
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Joint Tel: 020 7418 8900
Broker)
Edward Knight, Paul Gillam, Nick Prowting
Investec Bank PLC (Joint Broker) Tel: 020 7597 4000
Patrick Robb, Virginia Bull, Sebastian Lawrence
Alma PR Tel: 020 3405 0205
Caroline Forde, Hilary Buchanan, Helena
Bogle, Joe Pederzolli
About iomart Group plc
For over 20 years iomart Group plc (AIM: IOM) has been helping
growing organisations to maximise the flexibility, cost
effectiveness and scalability of the cloud. From data centres we
own and operate in the U.K., and from connected facilities across
the globe, we can provide multiple secure infrastructure solutions
from branch office backups, to hyper cloud migrations, and
everything in between, delivered typically with a 24/7 managed
service. Our team of over 400 dedicated staff work with our
customers at the strategy stage through to delivery and ongoing
management, to implement the secure cloud solutions that deliver to
their business requirements.
For further information about the Grou p, please visit www.iomart.com
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