Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 8°C

Search

Ipswich: Communications and IT services group Daisy on course to meet full-year expectations

09:53 08 April 2014

Matthew Riley, Daisy Group chief executive

Matthew Riley, Daisy Group chief executive

Archant

Business communication and IT services company Daisy Group said today that its full-year revenues and earnings were expected to be line with market expectations.

In a pre-close statement ahead of its results for the year to March 31, Daisy added that, as already guided, there had been “a material improvement” in cash generation during the second half of the year, aided by a significant improvement in working capital compared with the first half.

Matthew Riley, chief executive of Daisy Group, said: “I am pleased to report that our revenue mix continues to improve, further boosted by the acquisitions made during the year. It is also pleasing to report a marked improvement in free cash flow generation during the second half.

“Our recent acquisitions are performing well and we will continue to monitor acquisition opportunities where we believe we can derive clear value for our shareholders.”

Daisy, which has an office in Ipswich follwing its acquisition of Anglia Telecom in 2009, reported a dip in revenues to £173.9m for the six months to September 30, against £178.1m for the same period a year earlier.

But earnings before interest, tax and depreciation edged higher to £27.8m, from £27.3m, with an improved product mix seeing gross profit margin improve from 36% to 39%.

The group’s bottom line pre-tax loss widened to £14.995m, from £13.811m at the previous year’s half-way stage, although this was due to one-off acquisition costs.

0 comments

Police at the scene of the stabbing close to Wherstead Road in Ipswich. Picture: GREGG BROWN

Shocked neighbours have tonight expressed their fear and concern after a man was stabbed in Ipswich.

Gritting teams in Suffolk have completed 100 runs. Picture: Simon Parker

Gritting teams in Suffolk have treated enough miles of road to travel around the world more than four times.

Suffolk Constabulary actually received 1,865 abandoned 999 calls in 2016 (stock image)

Suffolk Constabulary has apologised after it provided wildly incorrect data about how many abandoned 999 calls it has received.

Peter and Sylvia Stuart. Picture: SUFFOLK POLICE

Fingerprints taken from a man arrested on suspicion of murdering Weybread couple Peter and Sylvia Stuart were found on a car which had the couple’s DNA in it, it has been alleged.

Lola, a pet cat from Ipswich who has had her ears cut off. Picture: RSPCA

Police and the RSPCA are urging residents to come forward after a cat was found near her home with both ears cut.

Baroness Murphy of Aldgate

An East Anglian peer has warned advocates of a second European Union referendum that they are “playing with fire”.

Launch of Suffolk Armed Forces Weekend at Felixstowe - members of the team orgainsing the event gathered on the seafront after a meeting to look at the latest programme for the event being staged on June 24-25

A Suffolk seaside town is to hold a double celebration with a military theme this summer – a two-day spectacle of music, battle re-enactments, food and fireworks for all ages to enjoy.

Dean Stansby pictured with his former partner Haley Phair and their son Rocky, five. Picture: Brendan Taylor at Taylor Made Portraits

The heartbroken family of a father-of-five who was killed near Ipswich railway station have paid tribute to him.

Elvis Fair leaving Ipswich Crown Court. Picture: Archant

A Suffolk hairdressing salon owner gave hundreds of pounds to an alleged conman she met on a dating website after he offered to help her with her financial affairs, a court has heard.

Beacon House, in Ipswich, where the inquest took place.

A 21-year-old woman who collapsed at a mental health hospital in Suffolk died of natural causes, an inquest has ruled.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24