AdEPT Telecom signals impressive growth

AdEPT Telecom was looking at some impressive full-year results on Tuesday, indicating growth in earnings and a reduction in net debt in a trading update ahead of its final numbers.

Adept Technology Group

200.50p

16:55 06/04/23

0.00%

0.00p

Fixed Line Telecommunications

1,994.59

15:44 15/11/24

0.74%

14.70

FTSE AIM All-Share

728.67

15:45 15/11/24

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The AIM-traded provider of voice, data and unified telecommunications solutions said net borrowings of £6.2m during the year were £0.8m lower than consensus market expectations.

Its underlying EBITDA rose around 33% to £6.15m, which AdEPT’s board said was ahead of market expectations for a 30% rise year-on-year.

The board recommended a final dividend of 3.5p, up from 2015’s 2.5p. That took the total dividend for the year to 6.5p, a 37% increase over the prior period.

AdEPT Telecom was due to post its final results for the year to 31 March in early July.