iomart Group plc (AIM:IOM) – decent pre-close
The cloud computing company has issued a positive pre-close trading statement for the year ending 31 March 2015 ahead of the announcement of its full year results.
For the year to 31 March 2015, the Group expects to show adjusted EBITDA of approximately £29million (FY2014: £23.6 million) and adjusted profit before tax of approximately £16.6m (FY2014: £14.6 million) both in line with consensus market expectations. The Hosting segment has continued to win a substantial amount of new business over the year, as the Group continues to benefit from the growing adoption of cloud services by organisations that need a strong partner with the necessary infrastructure to provide the certainty, scalability and flexibility they are looking for. Hosting also benefitted from the full year contribution of Redstation, and…