IN BRIEF: Gamma Communications expects earnings to meet market view

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Gamma Communications PLC - London-based cloud communication services provider - Says it is pleased with its good performance in 2023 to date, with growth in all three operating segments. ‘The UK businesses have experienced a positive start to the year,’ it says.

Looking ahead, Gamma says it remains positive about its prospects. Expects adjusted earnings before interest, tax, depreciation and amortisation and adjusted earnings per share for 2023 to be within the range of market forecasts, which are between £110.4 million to £117.2 million for Ebitda, and 70.0p to 77.0p for adjusted EPS. In 2022, adjusted Ebitda was £105.1 million. Adjusted EPS was 71.8p.

Current stock price: 1,142.00 pence each, down 0.1% on Wednesday morning in London

12-month change: up 0.4%

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