We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gamma Communications Plc | LSE:GAMA | London | Ordinary Share | GB00BQS10J50 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
32.00 | 2.44% | 1,342.00 | 1,340.00 | 1,348.00 | 1,354.00 | 1,308.00 | 1,338.00 | 188,003 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Radiotelephone Communication | 521.7M | 53.6M | 0.5503 | 24.50 | 1.31B |
TIDMGAMA
RNS Number : 5870C
Gamma Communications PLC
23 January 2018
23 January 2018
Gamma Communications plc
Trading Update
Continued growth in key markets
Full year results anticipated to be slightly ahead of market expectations
Gamma Communications plc ("Gamma"), a leading, technology based provider of communications services to the UK business market, is pleased to announce a trading update for the year ended 31 December 2017.
Group overview
We are pleased to report that Adjusted EBITDA* for the year ended 31 December 2017 is anticipated to be slightly ahead of market expectations. This reflects a strong demand in the business market for Gamma's portfolio of products. Some of the highlights from the year include:
-- Continued strong growth in all non-traditional products -
o SIP Trunking and our Cloud PBX ("Horizon") continue to grow ahead of the market;
o Volumes of access products (Broadband and Ethernet) are increasing as a result of past investment; and
o Volumes growing as our mobile proposition becomes more established.
-- Gamma successfully launched its fixed/mobile converged offering in December 2017.
-- The direct business made further progress with significant new contract awards including; Care UK, Rush, Stackhouse Poland and Thrifty UK (the latter has adopted Gamma's cloud compute platform). Our Public Sector base continues to grow with key wins from Merseyside Police and Norfolk and Suffolk NHS Foundation Trust.
-- The new high capacity national optical network project is on schedule and on budget. This will enable Gamma to deliver services at 10Gb/s and above in the second half of 2018.
Cash
The closing net cash balance for the year was GBP31.6m compared to GBP28.2m at the end of the previous year, an increase of GBP3.4m in the year. This was achieved despite a significant capex programme for the year which included cGBP13m spent on the network (of which cGBP5m was spent on the new national network).
The Board expects to announce results for the full year ended 31 December 2017 on Thursday 22 March.
Bob Falconer, Chief Executive, commented on the results:
"We are pleased that Gamma has continued its strong, organic growth across both its markets and its product range during 2017. In the channel, we have successfully increased our focus on helping to grow the market share of those partners that work closely with us, whilst our direct business successfully pursues opportunities in the larger enterprise and public sector markets. The launch of our first converged fixed/mobile offering in December also brings new opportunities."
*Adjusted EBITDA is EBITDA before exceptional items and share based payments
Gamma Communications Tel: +44 (0) 333 006 5972 plc Bob Falconer, Chief Executive Officer Andrew Belshaw, Chief Financial Officer Tulchan Communications Tel: +44 (0) 207 353 4200 LLP James Macey White / Matt Low Investec Bank plc (NOMAD Tel: +44 (0) 207 597 5970 & Broker) Patrick Robb Andrew Pinder / Sebastian Lawrence
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTZMGZMNZRGRZM
(END) Dow Jones Newswires
January 23, 2018 02:00 ET (07:00 GMT)
1 Year Gamma Communications Chart |
1 Month Gamma Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions