05/09/2017
Gamma Communications plc (“Gamma”), a leading, technology based provider of communications services to the UK business market, is pleased to announce its unaudited results for the six months ended 30 June 2017.
| Six months ended 30 June 2017 | Six months ended 30 June 2016 | Change (%) | |
| Revenue | £115.0m | £104.7m | +9.8% |
| Gross profit | £54.1m | £47.7m | +13.4% |
| Gross margin | 47.0% | 45.6% | |
| EBITDA | £18.5m | £14.9m | +24.2% |
| Adjusted EBITDA | £19.7m | £16.3m | +20.9% |
| PBT | £12.5m | £10.6m | +17.9% |
| Adjusted PBT | £13.7m | £12.0m | +14.2% |
| Fully Diluted EPS | 11.8p | 9.1p | +29.7% |
| Adjusted EPS (Fully Diluted) | 11.6p | 10.1p | +14.9% |
| Dividend per share | 2.8p | 2.5p | +12.0% |
| Adj net operating cash inflow (i.e before tax) | £15.3m | £13.8m | +10.9% |
| Net operating cash inflow before tax / Adj EBITDA | 77.7% | 84.7% |
Bob Falconer, Chief Executive Officer, commented: “I am pleased with the performance of the business in the first half. We have continued to successfully grow revenue and margin across our core products and markets, with a particularly strong performance in enterprise and a growing capability in the public sector, leading to contracts with organisations such as itsu, Savills plc and Macmillan Cancer Support. Our SIP and Cloud PBX services continue to perform well and we are now seeing accelerated growth in data services following the investments we have made in our network; important in a market where customers are increasingly looking to buy all their communications services from one supplier. Other initiatives, such as Gamma Accelerate, a marketing and lead generation platform, are helping the channel, which is our primary route to market, to increase sales. Significant resources also continue to be placed on enhancing our current products whilst developing exciting new capabilities, in particular maximising the opportunities from our growing Full MVNO mobile service.”
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