ENABLES IT GROUP PLC - Trading Update
2014年12月15日 - 9:45PM
PRニュース・ワイアー (英語)
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 £7 million. EBITDA in the
second half is expected to be around breakeven resulting in an EBITDA for the
full year 2014 of approximately -£0.4 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 £0.6 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.
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