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).