Final Results for the year ended 31 March 2009

03/06/09

Financial Highlights

·  Revenues from continuing operations increased by 45% to £11.8m (2008: £8.1m)

·  Post tax profit for the period of £11.2m (2008: £0.4m) including gain from disposal of Ufindus on-line directory operation

·  EBITDA loss before share based payments from continuing operations reduced to £0.3m (2008: £1.4m)

·  Net cash at end of period of £13.7m (2008: net debt of £0.1m) £0.3m of operating cash generated in year (2008: operating cash expenditure £2.2m)

·  Dividend of 0.3p per share proposed (2008: nil pence per share)

Operational Highlights

·  Over 60 new managed services customers for the Hosting division

·  Strong growth in Easyspace customer base to 235,000

·  Post year end acquisition of managed hosting company RapidSwitch for £5.25m cash

 Angus MacSween, Chief Executive Officer commented,

“We have enjoyed strong organic growth during the year as we continue to establish ourselves as a first class provider of managed hosting services to the SME and corporate markets from our own fully networked datacentres across the UK. The acquisition of RapidSwitch post year end will further accelerate this process, and we look forward to the coming year with increased confidence. 

For further information:

 

iomart Group plc                                                     Tel. 0141 931 6400

Angus MacSween, Chief Executive                                               

Ian Ritchie, Non-executive Chairman                                            

 

KBC Peel Hunt                                                          Tel. 020 7418 8900

Richard Kauffer

Daniel Harris

 

ICIS                                                                              Tel. 020 7651 8688

Tom Moriarty

Bob Huxford

 

 

To see the full results please click here >>

 

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