AdEPT Telecom plc Final results
AdEPT, a leading UK independent provider of award-winning telecommunications services for fixed line, mobile, data connectivity and VoIP, announces its results for the year ended 31 March 2012.
Financial Highlights
- 9th consecutive year of increased underlying EBITDA at £3.65m (2011: £3.62m)
- Underlying EBITA margin % increasing by 1.4% to 16.7% (2011: 15.3%)
- Excellent cash generation with free cash flow, after interest, of £2.2m (2011: £2.1m)
- Net debt reduction of £2.1m year-on-year (2011: £1.8m) to £5.3m (2011: £7.4m)
- 58% increase to Profit Before Tax to £1.2m (2011: £0.8m)
- 123% increase to Profit After Tax to £0.6m (2011: £0.3m)
- 11% increase to adjusted Earnings Per Share to 11.35p (2011: 10.25p)
- Maiden full year dividend of 0.5p per share paid to shareholders in April 2012
Operational Highlights
- 38% increase to data connectivity revenues year-on-year
- 20% increase to inbound call revenue year-on-year
- 91% of revenue generated from customers taking more than one product or service (2011: 89%)
- 35% of revenue generated from customers taking 3 or more products (2011: 28%)
- 12% increase in ARPU as at March 2012 to £97.28 (2011: £86.71)
Commenting upon these results Chairman Roger Wilson said:
“AdEPT has delivered a ninth consecutive year of increased EBITDA and continued to deliver consistent free cash flow generation, resulting in further deleveraging and the payment of the maiden dividend to shareholders in April 2012. Despite the continuing uncertainty over the general direction of the economy, the Board is confident that continued strong cash generation, and further reductions in the level of debt in future, should support a progressive dividend policy.“