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Maintel HoldingsAnnouncement

08/04/2016 07:20

      Annual Financial Report    
Strong year at Maintel sees revenue swell by 21%
Strong financial performance stemming from recurring revenue       complemented by selective acquisitions
London, UK  08 April 2016: Leading systems integrator and       managed services provider Maintel       today announced revenues for 2015 of 50.6m, rising from 41.9m in 2014.    
      The 21% boost in revenue reflects the continuing success of integrating       its Datapoint and Proximity acquisitions with recurring revenue at 69%.    
      Adjusted earnings per share grew 29% to 60.3p and the managements       confidence in the progression of the business is reflected in a 42%       increase in the second interim dividend. Adjusted profit before tax was       7.3m (2014: 6.1m), a 19% increase year on year.    
Eddie Buxton, CEO of Maintel Group, said:
      2015 was another successful year for the Maintel Group, which once       again saw strong sustained margins. This was also the first year that       Proximity, which we acquired in 2014, became fully integrated, with       further cost synergies realised during the year. Contact centre and       network services were particularly rewarding growth areas for us over       the past year.    
      Over the course of the last 12 months, Maintel has launched a new       Partner Services division to help the channel win service, support and       managed business. It has also seen public sector success, being       appointed as a supplier on the G-Cloud7 framework and on the Crown       Commercial Services Network Services framework agreements.    
Eddie Buxton added:
      This year the Maintel Group not only won its largest ever contract but       we also had a number of fruitful wins via competitive tendering,       allowing us to enter the 2016 financial year in a strong position as we       continue to see a healthy pipeline of opportunities come through.    
      Maintels current group sales director Stuart Legg and current       consultant Mark Townsend are joining the companys board as group sales       and marketing director and chief financial officer respectively, while       Dale Todd, the current finance director, is stepping down but will       remain with Maintel as company secretary.    
      ENDS    
About Maintel
      Maintel is a leading systems integrator and managed services provider,       delivering best-of-breed communications solutions to a broad spectrum of       businesses in the UK and internationally.    
      Maintels core expertise encompasses unified communications, contact       centre solutions, workforce optimisation, networking & security, mobile       and connectivity services. By combining skills and technologies from       vendor and carrier partners with the highly accredited capabilities of       its in-house experts, Maintel provides complete end-to-end solutions       delivered on-premises or via the cloud to a broad spectrum of businesses       in the UK and internationally.    
Contact
      Jon Bawden / Kate Anderson    
      Cohesive Communications (on behalf of Maintel)    
      01291 626200    
maintel@wearecohesive.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160407006658/en/
      MAINTEL