Gamma Communications plc (“Gamma” or “the Group”), a leading, technology-based provider of communications services to the business market, is pleased to announce its results for the year ended 31 December 2018.
|Years ended 31 December|
|2018||2017 (Restated2)||Change (%)|
|EBITDA (also being adj EBITDA1)||£48.3m||£36.0m||+34%|
|EPS (Fully Diluted, “FD”)||30.0p||24.0p||+25%|
|Adjusted EPS1 (FD)||30.3p||23.1p||+31%|
|Total dividend per share||9.3p||8.4p||+11%|
|Cash generated by operations||£40.6m||£29.9m||+36%|
|Cash generated by operations / EBITDA||84%||83%|
1 All adjusted measures set out above and throughout this document which are described as “adjusted” represent Alternative Performance Measures (“APMs”) and are separately presented within the statement of comprehensive income or reconciled in the Financial Review section or segment note and are applied consistently. Where reference is made to adjusted EPS this is stated on a fully diluted basis. Definitions and recalculations of APMs are included in the Financial Review. Our Policy on the use of APMs is included in note 2 to the condensed financial statements.
2 The prior period comparative figures have been restated for the effects of the adoption of IFRS 15, see note 3 of the 2018 Annnual Report and Accounts for details of the impact of the change in accounting policies. In the text of this document where figures for 2017 have been quoted, these have been restated.
Andrew Taylor, Chief Executive Officer, commented
“I have been impressed by what I have observed during my first nine months at Gamma, including the high quality of our team and the strength and special market approach of both our direct and indirect channel businesses, which are both delivering strong double-digit revenue and margin growth. The quality and reliability of Gamma’s core network, our service and operations, and our products, coupled with the digital capabilities that we have developed, has directly contributed to the strong results we have announced today. Looking forward, we are focused on building on our strong business foundations at Gamma, and ensuring that we continue to deliver what our customers and our channel partners want. As part of our Gamma 2023 strategy, we look forward to taking the business forward and delivering long term top and bottom line growth”
Gamma is a rapidly growing, technology based, provider of communications services to the business market. Gamma’s services, such as Cloud PBX, Inbound Call Control Services, Ethernet, Broadband, Wide Area Networks, and SIP Trunking, are designed to meet the increasingly complex voice, data and mobility requirements of businesses, through the exploitation of its own intellectual property.
Gamma also provides both business and carrier-grade mobile and data services and, as a consequence of its history, has a substantial network capability. These carrier grade network and product capabilities enable Gamma to provide a comprehensive range of communications services. Gamma has enjoyed strong organic revenue and EBITDA growth, which is underpinned by a strong business model, which delivers very high levels of recurring monthly revenue and margin,
A full set of the audited statutory accounts are available at