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.”