AdEPT Telecom 2018 interim results
Revenue and EBITDA
Total revenue increased by 36% to £22.6 million (2016: £16.5 million)
EBITDA increased by 34% to £4.7 million (2016: £3.5 million)
EBITDA margin 21.0% (2016: 21.4%)
Managed services revenue accounted for 68% of total revenue (2016: 53%)
Managed services revenue increased by 75% to £15.3 million (2016: £8.8 million)
PBT, EPS and Dividends
Profit before tax increased by 36% to £2.1 million (2016: £1.5 million)
Adjusted profit before tax increased by 29% to £3.9 million (2016: £3.0 million)
Adjusted EPS increased by 20% to 13.3p (2016: 11.1p)
Interim dividend increased by 13% to 4.25p per share (2016: 3.75p)
Cash Flow and Debt
Operating cash flow before tax of £3.8 million (2016: £3.2 million)
Reported EBITDA to pre-tax cash from operating activities 86% (2016: 99%)
Net senior debt of £20.8 million (2016: £10.8 million)
BGF convertible loan note of £7.3 million used to fund Atomwide Limited acquisition
Acquisitions
CAT Communications earnout settled in June 2017
Comms Group earnout settled in full in July 2017
Acquisition of Atomwide Limited completed in August 2017
