Cloud Computing Company iomart Expects £16.6 million Pre-Tax Profits

GLASGOW, England, April 1, 2015 /PRNewswire/ --

iomart issues positive pre-close trading statement

iomart (AIM:IOM), the cloud computing company that enables businesses and organisations to operate their online data and IT environments safely and securely, has issued its pre-close trading statement for the year ending 31 March 2015 ahead of the announcement of its full year results.

     (Logo: http://photos.prnewswire.com/prnh/20121126/579634 )

The Group expects to show adjusted EBITDA of approximately £29.0 million (FY2014: £23.6 million) and adjusted profit before tax of approximately £16.6 million (FY2014: £14.6 million) both in line with consensus market expectations.

Angus MacSween, CEO of iomart, said: "iomart has delivered another solid year of growth. The long term opportunity remains very real and iomart is well positioned to take advantage of growth in the Cloud."

Over the period, iomart has delivered solid organic growth combined with good performances from its acquired businesses, and the Board anticipates these dual drivers of growth continuing in future.

The hosting segment has continued to win a substantial amount of new business over the year, as the Group continues to benefit from the growing adoption of cloud services by organisations that need a strong partner with the necessary infrastructure to provide the certainty, scalability and flexibility they are looking for.

For the full statement issued to the London Stock Exchange click here.

iomart was recently named as one of the '1000 Companies to Inspire Britain' by the London Stock Exchange.  

About iomart 

Award winning cloud company iomart Group PLC (AIM:IOM) enables businesses and organisations to operate their online data and IT environments safely and securely. Headquartered in Glasgow, Scotland, iomart partners with leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a centrally managed, controlled and completely agnostic set of hybrid, private and public cloud platforms. By owning a global network and datacentre infrastructure, iomart can support any customer who wishes to move seamlessly between any and all of these platforms with a consultative level of knowledge and expertise, delivering cloud services to meet exact business needs. For more information visit  http://www.iomart.com

SOURCE iomart Group PLC

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