iomart issued a trading update for the year ending 31 March 2025. The Board continues to anticipate revenue for the year ending 31 March 2025 to be broadly in line with market expectations. The Board now expects adjusted EBITDA at approximately 10% below current market expectations. The Board expects net debt levels at 31 March 2025 to broadly align with current market expectations.
Lucy Dimes, CEO of iomart, said: "We have seen continued positive new order bookings across both the iomart and Atech offerings and are starting to see the power of the combined business flow through. However, transformation takes time, and churn within legacy offerings continues to present a headwind."
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback: editorial@rttnews.com