Partly Cloudy

Partly Cloudy

max temp: 5°C

min temp: 0°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.

shares

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.

shares

0 comments

Will we see snow tomorrow?

In the first of our daily guides to days out in Ipswich, we bring you rollerskating sessions, football and the possibility of snow play in Christchurch Park.

Temperatures have again dropped and there is a risk of snow - bringing fresh dangers to our roads.

Centre manager Andy Gillon holds Riley in the puppy unit at the new Blue Cross Centre in Ipswich.

Cats and dogs looking for new loving families can now enjoy a stay at a state-of-the-art centre while they wait.

Residents at Bucklesham Grange Residential Home enjoyed a day of activities on Valentines Day .Residents decorated cookies and were given chocolates and roses. L-R Tanya Finch, Pauline Acres and Pamela Mills.

Love was in the air at a Suffolk care home as residents enjoyed a Valentine’s Day treat.

East Anglian Air Ambulance. Library image.

Emergency services were sent to a serious two-car crash in Ipswich last night.

Warren Hill at Hollesley Bay

A Hollesley Bay absconder who went missing on Wednesday January 27 has been detained in Hertfordshire.

Len Phoenix with his latest swimming medals taking his total to over 1000.

Our photographers travel across Suffolk and north Essex, recording the events of the week.

Haughley Park was a blanket of white on the morning of January 17.

Forecasters have issued a yellow weather warning for possible snow and ice across the region today and tomorrow.

Fire engines

Fire crews tackled a blaze at a large outbuilding earlier today (February 14).

St Elizabeth Hospice launch of a brand new challenge to win your wedding at Glemham Hall

Couples waiting to tie the knot can enter a competition run by St Elizabeth Hospice to have their big day all paid for.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24