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AdEPT Technology increases its 2019 interim dividend by 15.3%

Investment Tools Ltd.
AdEPT Technology increases its 2019 interim dividend by 15.3%

Adept technology 2019 interim results

Revenue and EBITDA

Total revenue increased by 9.5% to £24.4 million (2017: £22.3 million)

Managed services revenue increased by 19.2% to £18.0 million (2017: £15.1 million)

Managed services revenue up to 74% of total revenue (2017: 67%)

EBITDA increased by 10.7% to £5.2 million (2017: £4.7 million)

EBITDA margin 21.2% (2017: 20.9%)

PBT, EPS and Dividends

Adjusted profit after tax increased by 13.4% to £3.7 million (2017: £3.2 million)

Adjusted EPS increased by 11.7% to 14.5p (2017: 13.0p)

Interim dividend increased by 15.3% to 4.9p per share (2017: 4.25p)  

Cash Flow and Debt

Reported EBITA conversion to pre-tax cash from operating activities 81.9% (2017: 90.7%)

Net senior debt at period end of £25.1 million (2017: £20.8 million)

£8.5m of funds used to fund Shift F7 Group Limited acquisition and Our IT earnout

Companies mentioned

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