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.

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."