http://www.iomart.com/

The Group's principal activity is providing web based managed hosting services for both the consumer and business.

Originally founded in 1998 as an integrated internet and telecommunications company, the Group has evolved to become one of Europe’s largest providers of managed hosting, colocation, data centre, and business continuity services, serving over 300, 000 customers each day. Having been at the forefront of the UK’s technological revolution for the past decade the Group has developed an enviable reputation for its internet expertise, its service ethic and its product innovation.

The Group holds a unique position within the marketplace. By owning its own data centre and network infrastructure, it is able to deliver the complete set of vertical components in the hosting arena from domain names, virtual web space, security, web marketing, SEO, websites, dedicated servers through to complex managed hosting solutions, colocation space, power, cooling and bandwidth.

As more and more mission critical business applications move on to the web, so organisations need more resilience, security and 24 hour management; the market for managed hosting services and datacentre capacity is expected to grow significantly over the next few years.Described by US Analyst Tier 1 as "currently enjoying the sort of momentum that could soon place it on the list of European heavyweights.", the iomart Group is fast proving to be one of the UK's leading lights in the provision of true cloud computing services.

3 Nov Peel Hunt 300.00 Buy
3 Nov finnCap 290.00 Corporate

Naked Trader today - Iomart continues in the late 200s. Any bidder will have to be looking at 350-400.

iomart-invests-in-cisco-asr-9912-routers-to-expand-network-capacity

Interims Wed 2 Dec

Acquisition of United Communications Limited
RNS
RNS Number : 4715H
Iomart Group PLC
01 December 2015

1 December 2015

iomart Group plc

("iomart" or the "Group")



Acquisition of United Communications Limited



iomart, the cloud computing company, is pleased to announce that it has acquired the entire issued share capital of United Communications Limited (which trades as "United Hosting") (on a cash-free/debt-free normalised working capital basis) for a total consideration of up to £11.0 million, with £7.5 million settled in cash on completion. A further amount of £3.5 million is contingent on United Hosting achieving agreed EBIT performance targets in years to April 2016 and 2017.

United Hosting was founded in 1998 and provides managed, dedicated and shared hosting services and domains to approximately 6,500 customers, the majority of which are small businesses. The company is based in Hemel Hempstead which is where its main data centre facility is located. It also leases data centre space in London and in Dallas, Texas and has a support function based in India. It is agreed that the two co-founders of United Hosting will remain with the business.

United Hosting's turnover in the twelve months to 30 April 2015 was £2.4 million with EBIT of £1.3 million and net assets of £2.0 million. The initial consideration and any contingent consideration will be financed out of the Group's existing banking facilities and the acquisition is expected to be immediately earnings enhancing before acquisition costs and normal acquisition adjustments including any fair value adjustments and the amortisation of intangible assets.



Angus MacSween, Chief Executive stated:



"In line with previous acquisitions made by iomart, United Hosting is a profitable, growing business whose services reflect those we offer. As such, the business fits well within our acquisition criteria and will be a valuable addition to the Group."

RNS
RNS Number : 6514H
Iomart Group PLC
02 December 2015



2 December 2015

iomart Group plc

("iomart" or the "Group" or the "Company")

Half Yearly Results



iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated half yearly results for the period ended 30 September 2015.



FINANCIAL HIGHLIGHTS



· Revenue growth of 16% to £36.4m (H1 2015: £31.5m)

o Hosting organic growth of 10% (H1 2015: 8%)

· Adjusted EBITDA1 growth of 11% to £15.5m (H1 2015: £14.0m)

· Adjusted profit before tax2 growth of 8% to £8.7m (H1 2015: £8.0m)

· Adjusted diluted earnings per share3 from operations increased by 11% to 6.75p (H1 2015: 6.09p)

OPERATIONAL HIGHLIGHTS



· Acquisition of SystemsUp for an expected maximum consideration of £10m

· Acquisition of United Hosting after the period end for a maximum consideration of £11m

· Significantly increased capability in Hybrid and Public Cloud

· Investment in senior resources to provide platform for future growth



Statutory Equivalents



The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:



· Profit before tax growth of 3% to £5.7m (H1 2015: £5.5m)

· Basic earnings per share from operations increased by 8% to 4.57p (H1 2015: 4.25p)



Angus MacSween, CEO commented,



"This has been another good trading period for the Group, driven by both organic and acquisitive growth.



"The cloud market landscape that we occupy continues to evolve and with that, the long term recurring revenue opportunities for iomart. We are well established as a major player in providing the flexible cloud solutions that businesses require, whether that be the private cloud, public or hybrid cloud spheres, and we are investing in expanding our teams of highly skilled staff to help our customers navigate and deploy a wider choice of solutions. We believe we are well positioned in the market and remain confident in the Group's growth prospects."







1 Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges and acquisition costs. Throughout this statement acquisition costs are defined as acquisition related costs and non-recurring acquisition integration costs.

2 Throughout this statement adjusted profit before tax is profit before tax, amortisation charges on acquired intangible assets, share based payment charges, mark to market adjustments in respect of interest rate swaps, acquisition costs and the accelerated write off of arrangement fees on the bank borrowing facility which was restructured during the period.

3 Throughout this statement adjusted earnings per share is earnings per share before amortisation charges on acquired intangible

assets, share based payment charges, mark to market adjustments in respect of interest rate swaps, acquisition costs and the accelerated write off of arrangement fees on the bank borrowing facility which was restructured during the period including the taxation effect of these.

Broker Forecast - Peel Hunt issues a broker note on Iomart Group PLC
BFN
Peel Hunt today reaffirms its buy investment rating on Iomart Group PLC (LON:IOM) and raised its price target to 315p (from 300p).

Story provided by StockMarketWire.com

Broker Forecast - finnCap issues a broker note on Iomart Group PLC
BFN
finnCap today reaffirms its corporate investment rating on Iomart Group PLC (LON:IOM) and raised its price target to 340p (from 290p).

3 Feb finnCap 340.00 Corporate

Pre-close Trading Statement

RNS


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 £32.3 million (FY2015: £29.1 million) and adjusted(2) profit before tax of approximately £18.8 million (FY2015: £16.6 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.

Final Results

RNS


RNS Number : 3731A

Iomart Group PLC

07 June 2016




7 June 2016

iomart Group plc

("iomart" or the "Group" or the "Company")

Final Results for the Year ended 31 March 2016



iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated final results for the year ended 31 March 2016.



FINANCIAL HIGHLIGHTS



· Revenue growth of 16% to £76.3m (2015: £65.8m)



· Adjusted EBITDA1 growth of 11% to £32.3m (2015: £29.1m)



· Adjusted profit before tax growth2 of 14% to £19.0m (2015: £16.6m)



· Adjusted diluted earnings per share3 from operations increased by 14% to 14.44p (2015: 12.63p)



· Cashflow from operations increased by 14% to £30.9m (2015: £27.2m)



· Adjusted PBT2 margins maintained at 25% (2015: 25%)



· Proposed final dividend increased by 26% to 3.15p per share (2015: 2.50p per share)

OPERATIONAL HIGHLIGHTS



· Continuing to build relationships for Hybrid Cloud opportunities with major players



· First significant public cloud implementation and achieved Advanced Partner status with Amazon Web Services (AWS)



· Continued M&A activity with the acquisitions of SystemsUp and United Hosting



· Continued investment in senior resources to provide platform for future growth



Statutory Equivalents



The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:



· Profit before tax growth of 21% to £13.0m (2015: £10.8m)

· Basic earnings per share from operations increased by 24% to 10.32p (2015: 8.34p)





1 Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges, gain on revaluation of contingent consideration and acquisition costs. Throughout this statement acquisition costs are defined as acquisition related costs and non-recurring acquisition integration costs.

2 Throughout this statement adjusted profit before tax is profit before tax, amortisation charges on acquired intangible assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps, acquisition costs, interest on contingent consideration due, gain on revaluation of contingent consideration and the accelerated write off of arrangement fees on the bank borrowing facility which was restructured during the year.

3 Throughout this statement adjusted earnings per share is earnings per share before amortisation charges on acquired intangible assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps, acquisition costs, interest on contingent consideration due, gain on revaluation of contingent consideration and the accelerated write off of arrangement fees on the bank borrowing facility which was restructured during the year, including the taxation effect of these.



Angus MacSween, CEO commented,



"Trading since the year end remains good and in line with market expectations.



"The long term opportunity is bigger than ever. The investments we have made in our staff, skillsets and industry relationships mean we are well positioned to take advantage of that opportunity and to deliver further significant growth.



"I look forward, once again, with confidence to the year ahead."

7 Jun Peel Hunt 315.00 Buy
7 Jun finnCap 360.00 Corporate
7 Jun Peel Hunt 315.00 Buy

Ex divi Thurs 11 Aug 3.15p

New high.

Pre-close Trading Update
RNS
RNS Number : 2687L
Iomart Group PLC
30 September 2016
 
30 September 2016
iomart Group plc
("iomart" or the "Group" or the "Company")
 
Pre-close Trading Update
 
iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the six months ending 30 September 2016, ahead of the announcement of its half yearly results.
 
Group trading performance:
 
The Board is pleased to report that the business has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2016 has been in line with management expectations, with both revenue and profits expected to be materially ahead of the comparative period last year.
 
The Group has seen strong demand for its services as enterprises continue to move their services into the cloud. With our wide range of cloud products and services covering private, public and hybrid cloud solutions, iomart is ideally placed to advise these enterprises on the best solution to fit their needs and then to implement the chosen solution. We have continued to develop our relationships with the major Public Cloud vendors during the period as we enhance our expertise in this area.
 
The market opportunity remains strong and we are well positioned to take advantage of it. The Board is confident in the outlook for the full year and optimistic for continued success.
 
Angus MacSween, CEO of iomart Group plc, commented:
 
"We are pleased to report another period of strong performance from iomart. The Group is well placed to sustain its competitive advantage within the hybrid cloud market and to maintain our reputation as the UK's leading cloud computing company. We continue to see a good stream of acquisition opportunities and look forward with confidence to the rest of the year."

30 Sep
N+1 Singer
297.00
Hold

30 Sep
finnCap
360.00
Corporate

30 Sep
Peel Hunt
315.00
Buy

,

RNS
RNS Number : 0232R
Iomart Group PLC
06 December 2016
 
 
6 December 2016
iomart Group plc
("iomart" or the "Group" or the "Company")
Half Yearly Results
 
iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated half yearly results for the period ended 30 September 2016.
 
FINANCIAL HIGHLIGHTS
 
·      Revenue growth of 16% to £42.1m (H1 2016: £36.4m)
o  Cloud Services organic growth of 10% (H1 2016: 10%)
·      Adjusted EBITDA1 growth of 13% to £17.6m (H1 2016: £15.5m)
·      Adjusted profit before tax2 growth of 23% to £10.6m (H1 2016: £8.7m)
·      Adjusted diluted earnings per share3 from operations increased by 19% to 8.03p (H1 2016: 6.75p)
·      Cashflow from operations increased by 22% to £16.7m (H1 2016: £13.6m)
·      Operating cash conversion rate increased to 95% of adjusted EBITDA (H1 2016: 88%)
OPERATIONAL HIGHLIGHTS
 
·      Ongoing investment in all forms of cloud skills
·      Continuing to develop relationships with major Public Cloud suppliers leading to growth in Public Cloud revenues
·      Consultancy division, SystemsUp, gains AWS Public Sector Partner for Government status
 
Statutory Equivalents
 
The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:
 
·      Profit before tax growth of 26% to £7.1m (H1 2016: £5.7m)
·      Basic earnings per share from operations increased by 19% to 5.43p (H1 2016: 4.57p)
 
Angus MacSween, CEO commented,
 
"Trading in the first half of the year has been very good and we remain focussed on building our recurring revenues in line with our business model. We are uncovering an increasing breadth of opportunities to constantly grow that recurring revenue and remain confident in our future prospects."
 
 
 
1  Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges and acquisition costs. Throughout this statement acquisition costs are defined as acquisition related costs and non-recurring acquisition integration costs.
2  Throughout this statement adjusted profit before tax is profit before tax, amortisation charges on acquired intangible assets, share based payment charges, mark to market adjustments in respect of interest rate swaps, interest charges in respect of contingent consideration due, acquisition costs and in the previous period the accelerated write off of arrangement fees on the restructuring of our bank borrowing facility.
3   Throughout this statement adjusted earnings per share is earnings per share before amortisation charges on acquired intangible
assets, share based payment charges, mark to market adjustments in respect of interest rate swaps, interest charges in respect of contingent consideration due, acquisition costs and in the previous period the accelerated write off of arrangement fees on the restructuring of our bank borrowing facility including the taxation effect of these.
 
This interim announcement contains forward-looking statements, which have been made by the directors in good faith based on the information available to them up to the time of the approval of this report and such information should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information.
 

6 Dec
finnCap
360.00
Corporate
6 Dec
Peel Hunt
315.00

Pre-close Trading Statement
RNS
RNS Number : 0878B
Iomart Group PLC
31 March 2017
 
Date:                       31 March 2017
On behalf of:        iomart Group plc ("iomart" or the "Group")
Embargoed until: 0700hrs
iomart Group plc
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 2017 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 2017, the Group expects to show revenue growth of approximately 17% and adjusted EBITDA(1) of approximately £36.6 million (FY2016: £32.3 million), in line with market consensus expectations. In addition we expect to report a 19% increase in adjusted(2) profit before tax to approximately £22.4 million (FY2016: £18.9 million).
Over the period, the Group has delivered good growth in both revenue and profit and the Board anticipates that growth will continue in the future.
 
Operations
The Cloud Services 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. Cloud Services also benefitted from the full year contribution of SystemsUp which was acquired 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 performed in line with expectations, which has seen it return to organic revenue growth after the decline in FY2016, and has benefitted from a full year contribution of United Communications which was acquired in November 2015.
Dividends
We have previously announced a progressive dividend policy under which we would pay a dividend of up to a maximum of 25% of the adjusted diluted earnings per share for the financial year. In the previous financial year, the payout ratio was 22%. In line with past performance the Group has continued to generate high levels of operating cash over the year and in addition we are currently carrying a very low level of gearing with our net debt likely to be around one third of our adjusted EBITDA at the end of this financial year. Consequently, the Board has decided to review the upper limit of the dividend payout ratio. As a result, we now intend to increase the maximum payout ratio to 40% of adjusted diluted earnings per share. The Board anticipates announcing a payout ratio for the current financial year in excess of the previous maximum level of 25% when the results for the year are reported.
Board Change
Following 18 years of service Sarah Haran has decided to pursue other interests and so will stand down from the Board with immediate effect. The Board would like to express its thanks to Sarah for her long term contribution to the success of the Group over many years and wish her well for the future.
 
Notice of Results
The Group expects to report its results for the year to 31 March 2017 on Tuesday 13 June 2017.
Angus MacSween, CEO of iomart Group plc, stated:
"iomart has delivered yet another year of exciting 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. Our strong balance sheet and our increasing cashflow leaves us in good financial health. I would like to add my personal thanks to Sarah Haran who has made a significant contribution to the success of iomart for many years."
 
(1)adjusted EBITDA means earnings before interest, tax, depreciation, amortisation, share based payment charges, acquisition related costs and non-recurring acquisition items and in the previous year a gain on revaluation of contingent consideration.
 (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, interest charges on contingent consideration and in the previous year the  accelerated write off of arrangement fees on the bank borrowing facility which was repaid early during that year and a gain on revaluation of contingent consideration.