iomart has delivered interims involving the tried and tested formula of consistent organic growth (cloud +4%, vs 4% in 1H18) and integration of acquisitions, leading to 10% EBITDA growth from 8% revenue growth. Normalised free cash flow remained strong and the dividend is very amply covered, allowing balance sheet capacity for further acquisitions as well as ongoing reduction of net debt, now at 0.8x annualised EBITDA. As enterprises continue to migrate to the cloud, it’s clear that iom
04 Dec 2018
iomart - Strengthening the pipeline
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iomart - Strengthening the pipeline
iomart Group plc (IOM:LON) | 137 0 0.0% | Mkt Cap: 153.4m
- Published:
04 Dec 2018 -
Author:
Andrew Darley -
Pages:
11
iomart has delivered interims involving the tried and tested formula of consistent organic growth (cloud +4%, vs 4% in 1H18) and integration of acquisitions, leading to 10% EBITDA growth from 8% revenue growth. Normalised free cash flow remained strong and the dividend is very amply covered, allowing balance sheet capacity for further acquisitions as well as ongoing reduction of net debt, now at 0.8x annualised EBITDA. As enterprises continue to migrate to the cloud, it’s clear that iom