iomart has delivered finals in line with the 3 April trading update, leading to materially unchanged forecasts for FY21. Maiden FY22 forecasts indicate humble 4% expectations for growth, allowing headroom for upside in the event of an acceleration in enterprise contract wins – but demonstrating continuing healthy cash generation and capacity to continue to increase capex, pay a dividend, and accommodate acquisitions. As with peers, COVID-19 has generated more opportunities for the longe
24 Jun 2020
iomart - Finals – auld faithful
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iomart - Finals – auld faithful
iomart Group plc (IOM:LON) | 131 0 0.0% | Mkt Cap: 147.0m
- Published:
24 Jun 2020 -
Author:
Andrew Darley -
Pages:
12
iomart has delivered finals in line with the 3 April trading update, leading to materially unchanged forecasts for FY21. Maiden FY22 forecasts indicate humble 4% expectations for growth, allowing headroom for upside in the event of an acceleration in enterprise contract wins – but demonstrating continuing healthy cash generation and capacity to continue to increase capex, pay a dividend, and accommodate acquisitions. As with peers, COVID-19 has generated more opportunities for the longe