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AdEPT Technology sees less of a coronavirus impact than feared

Snapshot

  • Non-network based telecommunications company

  • Provides fixed line calls, line rental, telephony, and broadband

  • Serves variety of sector including education and government

Data stream

Quick facts: AdEPT Technology Group PLC

Price: 234 GBX

LSE:ADT
Market: LSE
Market Cap: £58.57 m
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What AdEPT does

AdEPT Technology PLC (LON:ADT) is a non-network based telecommunications company that provides fixed-line calls, line rental, telephony, and broadband to business and residential customers.

The group serves a wide variety of sectors in the UK including health, education and government as well as both small and big businesses.

 

How it’s doing

for the year to the end of March 2020, AdEPT's revenue increased by 20% to £61.7mln from £51.3mln the year before.

Underlying earnings (EBITDA) improved by 9% to £11.7mln from £10.8mln the previous year while the underlying EBITDA margin eased to 19% from 21%.

Reported profit before tax eased to £1.97mln from £2.43mln, largely as a result of a change in accounting standards and an increase in finance costs.

The board, which suspended dividend payments in order to conserve cash during the period of uncertainty caused by the coronavirus, will continue to monitor the changing economic environment and adopt an appropriate dividend for future periods.

 

What the boss says: Ian Fishwick, chairman

AdEPT's client base is well diversified across both public and private sectors and the long-term consequences may, in fact, expand the demand for its services if, subsequently, there is an acceleration in digital transformation initiatives.”

 

 

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AdEPT Technology Group PLC's (LON:ADT) CEO Phil Race and finance director John Swaite caught up with Proactive London's Andrew Scott to discuss current trading and its results for the year to March 2020. Race is expecting the coronavirus (COVID-19) pandemic will have only a modest impact on its...

on 14/7/20

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