SpiriTel Announce Interim Results


SpiriTel, the business communications service provider, has announced interim results for the six months ended 31 October 2009. Highlights include; over 10% organic revenue growth in Business Division despite challenging economic climate and a 22% growth in Business Division underlying EBITDA.

Commenting on the results, Alastair Mills, Chief Executive Officer of SpiriTel, said, “The first half year results show strong revenue and profit growth in our Business Division but also illustrate a further erosion of wholesale services, a change which has impacted Group results. A combination of organic and acquisitive growth leaves the Group currently performing significantly ahead of reported figures for the first half of the year. Based on trading in the quarter to the end of January, including post 31 October 2009 acquisitions, our annualised revenue will exceed £23m, with underlying annualised EBITDA of over £2.3m. On a standalone basis, our Business Division is now delivering an annualised underlying EBITDA* run rate in excess of £3.5m.

This level of trading, despite an incredibly challenging economic backdrop, is a fantastic achievement for the SpiriTel team and leaves the Group in its strongest ever position. Our levels of contracted revenues have continued to grow, our acquisition pipeline remains strong and we are confident of delivering continued organic growth in the second half. The Board is confident that we will be able to report further progress for the full year.”

The following two tabs change content below.


Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)