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.

re-close Trading Update
RNS
RNS Number : 1669S
Iomart Group PLC
29 September 2017
 
29 September 2017
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 2017, 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 well in the first half of the financial year, with trading in the six months ending 30 September 2017 in line with management expectations.  The business remains firmly on track to deliver another year of material growth.
 
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, services and consultancy offerings 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.
 
In May 2017 we acquired, Dediserve, expanding the geographical reach of our cloud operation. The business has performed well since acquisition, in line with management expectations.
 
Maiden interim dividend
 
At the end of our last financial year we revised our dividend policy due to our robust cash generation and low level of gearing. As a result, we increased our final dividend for that year by 90% to 6p per share. We now intend to introduce an interim dividend payment in this financial year and further details of this will be given with the publication of our half year results.
 
Outlook  
 
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: 
 
"The Group has performed strongly in the period as we consolidate our competitive advantage within the hybrid cloud market. There is growing demand from enterprises moving their services into the cloud and our reputation as the UK's leading cloud computing company means we are ideally placed to service this demand."

2 Oct
Peel Hunt
388.00
Buy

Notice of Results
RNS
RNS Number : 5028U
Iomart Group PLC
25 October 2017
 
25 October 2017
iomart Group plc
("iomart" or the "Group" or the "Company")
 
Notice of Results
 
iomart Group plc (AIM:IOM), the cloud computing company, expects to report half yearly results for the six months ended 30 September 2017 on Tuesday, 5 December 2017.
 

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 405p (from 388p).

RNS
RNS Number : 3584Y
Iomart Group PLC
05 December 2017
 
 
5 December 2017
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 2017.
 
FINANCIAL HIGHLIGHTS
 
·      Revenue growth of 12% to £47.0m (H1 2017: £42.1m)
o  Cloud Services growth of 13% (H1 2017: 13%)
·      Adjusted EBITDA1 growth of 9% to £19.2m (H1 2017: £17.6m)
·      Adjusted profit before tax2 growth of 9% to £11.6m (H1 2017: £10.6m)
·      Adjusted diluted earnings per share3 from operations increased by 10% to 8.82p (H1 2017: 8.03p)
·      Maiden interim dividend of 2.25p per share
OPERATIONAL HIGHLIGHTS
 
·      Ongoing investment in cloud skills
·      Further improvements and investment in automation of server deployment
·      Significant investment in software defined network
·      Development of skills in major niche verticals, particularly in the eCommerce sector
·      Acquisition of two eCommerce cloud businesses, one during period and one post period end
 
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 9% to £7.8m (H1 2017: £7.1m)
·      Basic earnings per share from operations increased by 10% to 5.96p (H1 2017: 5.43p)
 
Angus MacSween, CEO commented,
 
"The Group has enjoyed another good period of trading in the first half of the year, with growing recurring revenues in line with our business model. The market opportunity remains significant and we continue to invest in our skills, infrastructure and capabilities to meet the evolving demands of the market. We are firmly on track to deliver another year of material growth and we remain confident in our prospects

13:20 05/12/2017
Broker Forecast - N+1 Singer issues a broker note on Iomart Group PLC
N+1 Singer today reaffirms its buy investment rating on Iomart Group PLC (LON:IOM) and set its price target at 427p. Story provided by StockMarketWire.com

5 Dec
Shore Capital
N/A
Buy
5 Dec
N+1 Singer
427.00
Buy
5 Dec
Peel Hunt
405.00
Buy
5 Dec
finnCap
415.00
Corporate

iomart group PLC (IOM:LSE) set a new 52-week high during today's trading session when it reached 410.00. Over this period, the share price is up 31.69%.

13:00 03/01/2018
Broker Forecast - Peel Hunt issues a broker note on Iomart Group PLC
Peel Hunt today reaffirms its buy investment rating on Iomart Group PLC (LON:IOM) and raised its price target to 440p (from 405p). Story provided by StockMarketWire.com

26 Mar
Peel Hunt
440.00
Buy

Trading Statement
RNS
RNS Number : 3142J
Iomart Group PLC
29 March 2018

Date: 29 March 2018
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 2018 ahead of the announcement of its full year results.

Group Trading Performance
The Board is pleased to report that iomart expects to deliver another strong set of results delivering good growth in both revenue and profit.
For the year to 31 March 2018, the Group expects to show revenue growth of approximately 9%, adjusted EBITDA(1) of approximately £39.8 million (FY2017: £36.6 million) and adjusted(2) profit before tax of approximately £23.9 million (FY2017: £22.4 million) all in line with market consensus expectations.
Given the sustainable nature of the market opportunity, a broadening product offering and a growing reputation within the cloud industry, 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 Cristie Data which was acquired in August 2016 and from the contribution of Dediserve, Simple Servers and Sonassi since their acquisition in May 2017, July 2017 and November 2017 respectively. These acquisitions not only bring additional long-term customers into the Group but also have expanded our geographical reach and increased our expertise within high growth areas of the market, such as ecommerce retailing.
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, the segment that provides a range of services to small and micro businesses, has performed well, in line with expectations, having continued the organic revenue growth re-established in the prior year.
Notice of Results
The Group expects to report its results for the year to 31 March 2018 on Tuesday 12 June 2018.
Angus MacSween, CEO of iomart Group plc, stated:
"iomart has delivered yet another year of consistent growth. With a significant and sustainable market opportunity ahead of us, we continue to invest in our business and people to ensure we are well positioned for future growth. We continue to see strong demand for our services and remain confident in our prospects. Our healthy balance sheet, high levels of revenue visibility and our strong and increasing cash conversion leaves us in good financial health."

(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, non-recurring items, mark to market adjustments in respect of interest swap arrangements and interest charges on contingent consideration.

09:10 03/05/2018
Broker Forecast - Peel Hunt issues a broker note on Iomart Group PLC
Peel Hunt today reaffirms its buy investment rating on Iomart Group PLC (LON:IOM) and set its price target at 440p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Final Results
RNS
RNS Number : 0397R
Iomart Group PLC
12 June 2018


12 June 2018
iomart Group plc
("iomart" or the "Group" or the "Company")
Final Results for the Year ended 31 March 2018

iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated final results for the year ended 31 March 2018.

FINANCIAL HIGHLIGHTS

· Revenue growth of 9% to £97.7m (2017: £89.6m)

· Adjusted EBITDA1 growth of 9% to £39.8m (2017: £36.6m)

· Adjusted profit before tax growth2 of 7% to £24.0m (2017: £22.4m)

· Adjusted diluted earnings per share3 from operations increased by 6% to 17.96p (2017: 16.99p)

· Cashflow from operations increased by 8% to £40.8m (2017: £37.8m)

· Adjusted profit before tax2 margin maintained at 25% (2017: 25%)

· Proposed final dividend of 4.93p per share resulting in total dividend for year of 7.18p per share, an increase of 20% (2017: 6.00p per share)
OPERATIONAL HIGHLIGHTS

· 3 successful acquisitions completed during the year:
- Dediserve for €7.9m
- Simple Servers for £4.9m
- Sonassi for £11.8m

· Creation of software defined fibre network

· Post year-end extension on London datacentre lease until 2030


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 1% to £14.8m (2017: £14.7m)
· Basic earnings per share from operations increased by 1% to 11.41p (2017: 11.27p)



1 Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges, acquisition costs, gain on revaluation of contingent consideration and non-recurring 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 mark adjustments in respect of interest rate swaps, acquisition costs, interest on contingent consideration due, gain on revaluation of contingent consideration and non-recurring costs.
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 mark adjustments in respect of interest rate swaps, acquisition costs, interest on contingent consideration due, gain on revaluation of contingent consideration and non-recurring costs and the taxation effect of these.


Angus MacSween, CEO commented,

"We are delighted to report another year of excellent results, with increased revenues and profits and the completion of a number of acquisitions, augmenting the Group's customer base and skill set. Trading in the new year has continued in a similarly positive vein.

Since we embarked on our current strategy in 2007, we have successfully executed on our growth strategy, growing revenues from £8m to nearly £100m. We strongly believe that the market for cloud computing solutions we identified at the time presents us with as much opportunity now as it did then and that, together with additional acquisitions, will allow us to continue to execute successfully on the strategy we put in place at that time.

There is still a long runway of opportunity as the "IT as a service" philosophy and delivery unfolds, providing us with considerable scope for long-term, sustained growth. We therefore look to the coming year and beyond with confidence".

Directorate Change
RNS
RNS Number : 8100U
Iomart Group PLC
17 July 2018


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

Directorate Change

iomart Group plc (AIM:IOM), the cloud computing company, announces that Richard Logan, Group Finance Director, has notified the Board of his intention to retire from his role at iomart after 12 years' service to the Company. The Board is pleased to announce the appointment of Richard's replacement, Scott Cunningham, as Group Finance Director with effect from 3 September 2018. Richard will step down from the Board on this date and has agreed to be available until the end of December 2018 in order to ensure an orderly handover.

Scott has over 25 years' experience in the accounting and finance profession and was Group Finance Director of AIM listed InterBulk Group plc for nine years before the group was successfully sold to Den Hartogh in March 2016. Before this Scott performed a number of roles within the Clyde Blowers portfolio including Group Financial Controller for the Clyde Bergemann Power Group from 2003 to 2006 and more recently was an Investment Director at Clyde Blowers Capital. Scott is a member of the Institute of Chartered Accountants of Scotland having qualified with Arthur Andersen in 1995.

Ian Ritchie, Chairman, commented:

"I'd like to thank Richard for the outstanding contribution he has made to the success of iomart Group during his 12 year tenure. He leaves the Group on a sound financial footing, with high levels of revenue visibility and a strong balance sheet. I wish him every future success."

Angus MacSween, CEO, commented:
"I concur with the Chairman's comments and after a busy 12 years I wish Richard a long and healthy retirement. In Scott we have found another high calibre finance director and look forward to him joining the business in September."

Scott Cunningham, incoming Group Finance Director, commented:

"I am delighted to be joining iomart, which has built a successful position in the growing cloud computing market and has developed a reputation for consistent delivery. iomart has a significant and sustainable market opportunity ahead of it, as the move to the cloud continues, and I look forward to working with Angus and the team to deliver upon that opportunity."

New high.

Very strong today. Always been talk of being taken over. BWDIK

Pre-close Trading Update
RNS
RNS Number : 4113C
Iomart Group PLC
01 October 2018

1st October 2018
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 2018, ahead of the announcement of its half yearly results.

Group trading performance

The Group has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2018 has been in line with management expectations, with both revenue and trading profits expected to be well ahead of the comparative period last year, including the contribution from the acquisitions made in the previous financial year.

The choices for businesses considering a move to the cloud are ever more complex and the Group has the skills, network and infrastructure to provide solutions across the whole cloud spectrum, including private, hybrid and public cloud. This leaves us well positioned to take advantage of these opportunities and we have continued to win good levels of new business from both new and existing customers in the period. The reorganisation of our sales and marketing team and structure was successfully completed in the period and we are confident that we will see these efforts starting to filter through into the sales pipeline for the second half and beyond.

Outlook

Many industries and sectors are only now at the start of the journey to the cloud, which means that the market opportunity remains strong and varied. Through our continued investments into the business and successful acquisition of complementary skills and customer bases, we are increasingly well positioned to take advantage of the opportunity and the Board is confident in the outlook for the full year and beyond.

Angus MacSween, CEO of iomart Group plc, commented:

"iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence."

Notice of Results
RNS
RNS Number : 7740F
Iomart Group PLC
31 October 2018


31 October 2018
iomart Group plc
("iomart" or the "Group" or the "Company")
Notice of Results
iomart Group plc (AIM:IOM), the cloud computing company, expects to report half yearly results for the six months ended 30 September 2018 on Tuesday, 4 December 2018.

RNS
RNS Number : 3022J
Iomart Group PLC
04 December 2018


4 December 2018
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 2018.

FINANCIAL HIGHLIGHTS

· Revenue growth of 8% to £50.9m (H1 2018: £47.0m)
· Adjusted EBITDA1 growth of 10% to £21.1m (H1 2018: £19.2m)
· Adjusted profit before tax2 growth of 7% to £12.4m (H1 2018: £11.6m)
· Adjusted diluted earnings per share3 increased by 6% to 9.23p (H1 2018: 8.71p)
· Period end net debt of £33.6m, less than one times annualised EBITDA
· Interim dividend of 2.45p per share (H1 2018: £2.25p)

OPERATIONAL HIGHLIGHTS

· Substantial growth in sales pipeline due to re-structuring of our sales and marketing activities
· Continued investment in cloud hosting products and services to allow us to deliver all elements of a hybrid environment
· Strong focus on efficiency and customer service which ensures market leading profitability
· Further expansion of our UK datacentre resources and points of presence across the globe
· Acquisition of Bytemark, a managed hosting business in York, for total consideration of £4.9m

Statutory Equivalents

The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The largest variance within the adjustments relates to a net increase in the contingent consideration on 2017 acquisitions, as performance was ahead of expectations within a range of earnings which had a high multiple factor under a ratchet mechanism. Accounting standards require the £1.4m additional consideration to be recorded as a loss within the profit before tax, with no such sum in the prior period comparative. The statutory equivalents of the above results are as follows:

· Profit before tax of £7.3m (H1 2018: £7.8m)
· Basic earnings per share of 5.48p (H1 2018: 5.85p)


Angus MacSween, CEO commented,

"iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. We help companies at all stages of their journey, with a wide portfolio of managed cloud services, which makes us confident about the significant and sustainable market opportunity ahead.

"The high levels of visibility within our recurring revenue business model and strong cost control provides stability to our trading performance for the second half of the year, ensuring the full year should deliver a similar overall year on year progression as we have reported in the first half. We remain very confident in the Group's long term prospects."