Ian Fishwick, CEO said, “This week AdEPT Telecom plc announced to the Stock Exchange that we are increasing our dividend by 50%. There can be no greater sign of confidence in our business model. Historically we have always announced half of our dividend at the Half Year; so by announcing 2.25p per share for the half year we are flagging our intention to pay 4.5p per share for the full year to March 2015. We have also given guidance that we intend to increase our dividends further over the next 2 years to 5.5p and then 6.5p.
We'd like to say a massive thank you to everyone who has helped us to exceed market expectations on every number (better revenue, EBITDA and cash generation) : staff, customers, suppliers and shareholders.
Revenue is up 11.3% and EBITDA up 12.7% thus demonstrating clear economies of scale. Our Free Cash Flow conversion in the Half Year was an impressive 92%.”