REG - Gamma Communications - AGM trading update

Gamma CommunicationsAnnouncement

14/05/2025 07:00

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RNS Number : 5396I  Gamma Communications PLC  14 May 2025

14 May 2025

 

Gamma Communications plc

 

AGM trading update

 

 Integration of recent German acquisitions progressing well.

Full year Adj. EBITDA and Adj. EPS (fully diluted) expected within range*

 

Ahead of the Annual General Meeting ("AGM") to be held at 9.30am today at Peel
Hunt, 100 Liverpool Street, London EC2M 2AT, Gamma Communications plc ("Gamma"
or the "Group") provides the following update on trading.

 

Group Overview

Trading in 2025 has begun positively in continental Europe, as a result of the
strong trading performance of our recent acquisitions in Germany - Placetel
and STARFACE - and we continue to make good progress with integrating both
businesses.

 

In the March results, we noted the challenging UK market conditions as part of
the wider macro-economic picture. Since those results, we have seen ongoing
softness in the UK market conditions continue. In response, management has
taken a number of prudent actions to manage costs.

 

Underlying trading continues to generate healthy cashflows for the Group and
the business is in a robust financial position. Gamma had net debt of £21.2m
as at 30 April 2025. This is after partially debt financing the acquisition of
STARFACE and the share buyback programme (the latter utilised £30.3m of cash
as at the end of April).

 

Outlook

Based on our trading and cost actions in 2025 to date, the Board expects
Adjusted EBITDA and Adjusted EPS (fully diluted) for the year ending 31
December 2025 to be within the range of latest market forecasts*.

 

The Board expects to provide its next trading update with publication of the
interim results for the six months ending 30 June 2025 which is scheduled for
Tuesday 9 September 2025.

 

Main Market Listing

On Friday 2 May, Gamma moved its listing from AIM to the ESCC listing category
of the Main Market of the London Stock Exchange. Following admission to the
Main Market, Gamma becomes eligible for inclusion in FTSE indices in June.

 

 

*Company compiled range is based on known sell side analyst estimates. The
ranges are Adjusted EBITDA £139.4m - £146.0m and Adjusted EPS (fully
diluted) 89.9p - 94.8p.

 

 Enquiries:

 Gamma Communications plc                    Tel: +44 (0)333 006 5972

 Andrew Belshaw, Chief Executive Officer

 Bill Castell, Chief Financial Officer

 Rachael Matzopoulos, Company Secretary

 Teneo (PR Adviser)                          Tel: +44 (0)207 353 4200

 James Macey White / Matt Low / Ffion Dash

 

Notes for editors:

Gamma Communications plc is a leading provider of technology-based
communication solutions across Europe. With approximately 2,200 employees and
listed on the Main Market of the London Stock Exchange, Gamma helps
organisations connect and collaborate through solutions including Unified
Communications, voice enablement, connectivity, mobile and security.

Gamma's vision is a better-connected world - working smarter for the benefit
of businesses, people and the planet. Selling exclusively to businesses and
public sector organisations, Gamma's core markets are the UK and Germany, with
additional presence in Spain and the Benelux region.

In the UK, Gamma serves SMEs through an extensive network of over 1,500
channel partners (Gamma Business). For larger businesses and public sector
organisations, Gamma Enterprise engages directly to design, deliver, and
support complex, integrated communications solutions. Gamma Europe has its
largest presence in Germany, where it operates through a combination of a
strong partner network and a self-service digital platform and is now one of
the country's leading cloud communications providers, following strategic
acquisitions.

For more information about Gamma and its full range of products and services,
visit gammagroup.co

 

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