Maintel Holdings PLC Trading Update and Notice of Results (1929O)
January 28 2019 - 1:00AM
UK Regulatory
TIDMMAI
RNS Number : 1929O
Maintel Holdings PLC
28 January 2019
Maintel Holdings PLC
Full year 2018 trading update
and notice of results
Maintel Holdings Plc (the "Group" or "Maintel") today announces
the following trading update for the 12 months ended 31 December
2018.
Further to the Group's trading update issued on 21 November 2018
(the "November Trading Update"), Maintel is pleased to announce
that trading for the year ended 31 December 2018 was comfortably in
line with revised market expectations, with Adjusted* EBITDA
expected to be at the top end of the range communicated by Maintel
at the time of the November Trading Update. The closing net debt
position at the period end was GBP25.5m.
Highlights:
-- Acceleration in the growth of cloud sales during the fourth
quarter, taking the number of contracted cloud seats on the ICON
platform to c.70,000
-- Two significant new multi-year public sector contracts
awarded in the fourth quarter of 2018. On implementation these will
become the Group's largest cloud unified communication customers to
date
-- In December 2018 Maintel launched its new ICON Connect SD-WAN
proposition, bringing SD-WAN to its enterprise class managed
network service to enhance performance and provide customers with
increased efficiency and visibility across their networks
-- Post period end, the Group has launched 'ICON Now', a new
unified communications cloud service aimed at mid-market customers,
further expanding Maintel's addressable market
The Group reiterates its current intention for the total full
year 2018 dividend to grow year on year, in line with existing
guidance.
The Board remains confident in delivering growth in both revenue
and EBITDA for the current financial year to 31 December 2019. As
previously stated, this growth will be underpinned by the full year
impact of the Unify customer base acquired on 29 June 2018 and
continued growth in the ICON cloud business, as well as the
implementation of margin enhancing initiatives across the
business.
Final results for the full year ended 31 December 2018 will be
announced on 18 March 2019.
*Adjusted EBITDA is earnings before interest, tax, depreciation
and amortisation, adjusted for share based payments and exceptional
costs.
Maintel Holdings plc
Eddie Buxton, Chief Executive Officer Tel: +44 (0)207 401
4601
Mark Townsend, Chief Financial Officer Tel: +44 (0)207 401
4661
finnCap Tel: +44 (0)207 220
Jonny Franklin Adams / Emily Watts (Corporate 0500
Finance)
Richard Chambers (Corporate Broking)
Oakley Advisory (Financial Advisor) Tel: +44 (0)207 766
6900
Christian Maher / Victoria Boxall
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTBLGDBRUDBGCU
(END) Dow Jones Newswires
January 28, 2019 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