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AdEPT Telecom shares rise 15% after it says earnings will exceed City expectations

Last updated: 13:02 04 Apr 2017 BST, First published: 08:02 04 Apr 2017 BST

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The company is at the business end of telephony

Shares in AdEPT Telecom plc (LON:ADT) jumped 15% after it said its results for the year ended March will be ahead of market expectations on all metrics.

The phone network, broadband and IT provider to the business sector said its underlying earnings (EBITDA) will increase 26% year-on-year, smashing the City consensus, which pointed to an 18% rise.

Net borrowing of £15.8mln will be around £1.3mln below current estimates.

WATCH: AdEPT talks through "an impressive year" ...

Investors will be rewarded with a 4p final payout, AdEPT said, giving a total dividend of 7.75p, up 19% on the year earlier.

At 1pm the shares were changing hands for 364p, up 46.6p. That values the business at £87mln.

AdEPT is one of the UK's leading independent providers of unified communications solutions.

Its services include fixed line, mobile, internet telephony, equipment installation, managed services, and WI-FI as well as communications hardware and data connectivity products. 

Its tailored services are used by thousands of customers across the UK and are brought together through the relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.

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