Business
AGM trading update
AGM trading update.
About this update from Gamma Communications Plc
[{"type":"text","content":"\n\n14 May 2025\n \nGamma Communications plc\n \nAGM trading update\n \n Integration of recent German acquisitions progressing well.\nFull year Adj. EBITDA and Adj. EPS (fully diluted) expected within range*\n \nAhead of the Annual General Meeting (\"AGM\") to be held at 9.30am today at Peel Hunt, 100 Liverpool Street, London EC2M 2AT, Gamma Communications plc (\"Gamma\" or the \"Group\") provides the following update on trading.\n \nGroup Overview\nTrading in 2025 has begun positively in continental Europe, as a result of the strong trading performance of our recent acquisitions in Germany - Placetel and STARFACE - and we continue to make good progress with integrating both businesses.\n \nIn the March results, we noted the challenging UK market conditions as part of the wider macro-economic picture. Since those results, we have seen ongoing softness in the UK market conditions continue. In response, management has taken a number of prudent actions to manage costs.\n \nUnderlying trading continues to generate healthy cashflows for the Group and the business is in a robust financial position. Gamma had net debt of £21.2m as at 30 April 2025. This is after partially debt financing the acquisition of STARFACE and the share buyback programme (the latter utilised £30.3m of cash as at the end of April).\n \nOutlook\nBased on our trading and cost actions in 2025 to date, the Board expects Adjusted EBITDA and Adjusted EPS (fully diluted) for the year ending 31 December 2025 to be within the range of latest market forecasts*.\n \nThe Board expects to provide its next trading update with publication of the interim results for the six months ending 30 June 2025 which is scheduled for Tuesday 9 September 2025.\n \nMain Market Listing\nOn Friday 2 May, Gamma moved its listing from AIM to the ESCC listing category of the Main Market of the London Stock Exchange. Following admission to the Main Market, Gamma becomes eligible for inclusion in FTSE indices in June.\n \n \n*Company compiled range is based on known sell side analyst estimates. The ranges are Adjusted EBITDA £139.4m - £146.0m and Adjusted EPS (fully diluted) 89.9p - 94.8p.\n \n\n\n\n\nEnquiries: \n \n\n\n\n\nGamma Communications plc\nAndrew Belshaw, Chief Executive Officer\nBill Castell, Chief F...