Redcentric has reported a full-year trading update for the year ending 31st March, reporting adj EBITDA a touch ahead of expectations from revenue a touch behind. The group delivered £17.5m (vs £17.2mE, +2%), adj EBITDA from £132.1m revenue (vs £135.1mE, -2%), which – when combined with the undisclosed contribution from the datacentre business (since disposed of) – led to net debt of £36.8m (£34.5mE, after additional exceptionals were paid in-year which we had modelled for settlement in the foll ....
