28th Jan 2019 10:52
LONDON (Alliance News) - Maintel Holdings PLC on Monday said it expects to see at least 10% earnings growth in 2018, helped by the development of its communications software and services.
The stock was trading 13% higher on Monday at 480.00 pence a share.
The AIM-listed firm said it traded in line with its expectations in 2018 and expects to report adjusted earnings before interest, taxes, depreciation, and amortization at the top end of its revised guidance.
In November, the company said it expects to report 2018 adjusted Ebitda in the range of GBP12 million to GBP12.5 million, up from GBP10.9 million the year prior.
This growth will be underpinned by the full-year impact of the Unify customer base acquired at the end of June 2018 and continued growth in the ICON cloud business, Maintel said.
In December 2018 Maintel launched its new ICON Connect SD-WAN proposition to enhance performance and provide customers with increased efficiency and visibility across its networks.
Maintel said it will announce its 2018 on March 18.
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