viewAdEPT Technology Group PLC

AdEPT Telecom CEO sees headroom for more acquisitions

The chief executive of AdEPT Telecom, Ian Fishwick, says the telecommunications services provider will continue to seek out acquisitions opportunities after announcing the company’s twelfth consecutive year of increased underlying earnings.

“We’ve done 20 deals in 12 years. We never stop looking [for acquisitions] but the worst time to do a deal is when you have to do a deal; we don’t have to do a deal,” chief executive Ian Fishwick told Proactive Investors.

In May the company acquired Centrix for an initial cash sum of £7mln – an addition which should see the group’s revenue from the public sector and healthcare more than double.

Today, AdEPT boosted its full year dividend by 58.3% after racking up its twelfth consecutive year of increased underlying earnings.

EBITDA in the year to 31 March rose 13.5% to £4.6mln from £4.0mln the year before, on the back of a 5.8% increase in revenue to £22.1mln (2014: £20.9mln).

Quick facts: AdEPT Technology Group PLC

Price: 227 GBX

Market: LSE
Market Cap: £56.82 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AdEPT Technology Group PLC named herein, including the promotion by the Company of AdEPT Technology Group PLC in any Content on the Site, the...


'It's been a brilliant six months', says AdEPT Telecom PLC's finance director

A first contribution from recent acquisition Comms UK helped telecoms services group Adept Telecom PLC (LON:ADT) lift interim profits by a quarter. Revenue in the six months to September rose 19% to £16.5mln, while underlying profits [EBITDA] were 20% ahead at £3.5mln. Finance Director...

on 11/15/2016

2 min read