iomart has released half yearly results for the six months ended 30 September 2024. These reflect a challenging H1, though transformational acquisition of Atech post period end has materially strengthened iomart’s offerings, credentials and capabilities and the Board reiterates confidence in the Group’s FY25 outlook and future prospects, as CEO Lucy Dimes commented;

“The Atech acquisition is a key step in delivering our Bigger, Better, Bolder strategy. The strength of the combined business, our order bookings momentum and the transformation and efficiency programmes we have put in place, mean we have entered the second half of the year in a considerably strengthened position.

Our enlarged Group and combined skills will allow us to compete more robustly with enhanced services, greater scale and references across the growth areas of our industry. Through the combined power of Atech and iomart, we now have the accreditations, credentials and capabilities to convert a greater proportion of our sales pipeline, as well as unlock increased cross-sale opportunities.

The growing demand for cloud computing and cyber security solutions, increasing complexity of the technical landscape, and accompanying need for a trusted and highly accredited partner with a strong delivery track record, give the Board confidence in the outlook for the Group and our ability to become the UK’s leading secure hybrid cloud provider.”

CEO Lucy Dimes & Scott Cunningham, CFO of iomart Group (AIM: IOM), will be presenting the results in a webinar on Friday 29th November @ 1pm

If you would like to join the session, please email nicholas.peters@fmp-ir.co.uk