Enables IT Group plc Trading Update


 
TIDMEIT 
 
Date:             15 December 2014 
 
On behalf of:     Enables IT Group plc ("Enables IT", the "Company" or the "Group") 
 
 
                             Enables IT Group plc 
 
                                Trading Update 
 
Enables IT, a leading provider of cloud computing, managed and professional 
services, has today published a trading update for the year ended 30 September 
2014. 
 
The Group today reports that revenue for the full year 2014 is expected to be 
marginally below market expectations at approximately GBP7 million. EBITDA in the 
second half is expected to be around breakeven resulting in an EBITDA for the 
full year 2014 of approximately -GBP0.4 million. Initiatives undertaken by the 
Management team resulted in Enables IT returning to trading profitably on an 
EBITDA basis during Q4 2014. The balance sheet remains adequately funded for 
the short term objectives of the Company with available cash of GBP0.6 million 
and recurring revenues remain in excess of 50%. 
 
Looking forward to 2015, the Board remains encouraged by the on-going shift in 
market dynamics towards cloud-based IT services in the US and UK. The Group has 
continued to further invest in sales and marketing during the first half of the 
new financial year, particularly in respect of sales personnel, to ensure 
Enables IT capitalises on the revenue opportunity. 
 
Commenting Mike Walliss, Chief Executive Officer of Enables IT Group plc said: 
 
"After a mixed trading performance during 2014, I am pleased to report that the 
Group has found stability and is now well placed to build towards our strategic 
goals. This should ultimately to translate in to strong, profitable, cash 
generative growth as the market continues to adopt cloud based IT solutions." 
 
                                    -Ends- 
 
Enquiries 
 
Enables IT Groupplc                                    Via Redleaf Polhill 
Michael Walliss, CEO                                   enablesit@redleafpr.com 
 
Cenkos Securities plc (Nominated Adviser and Broker)   +44 (0)20 7397 8900 
Max Hartley, Corporate Finance 
Andy Roberts, Sales 
 
Redleaf Polhill (Financial PR)                         +44 (0)20 7382 4730 
Dwight Burden                                          enablesit@redleafpr.com 
Rebecca Sanders-Hewett 
David Ison 
 
About Enables IT 
 
Enables IT Group plc is a leading provider of cloud computing, managed and 
professional services in the UK and North America. From on-premise private 
cloud networks, our IAAS/SAAS platform HAVEN within both our US and UK Data 
centres, to backend core network and wireless solutions, Enables IT specialises 
in the delivery and management of mission-critical services, enabling customers 
to reduce the costs, complexity and risks associated with their IT 
infrastructure. 
 
 
 
END

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