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Maintel Holdings ( (GB:MAI) ) just unveiled an update.
Maintel Holdings Plc reported a trading update for the year ending December 2024, highlighting an 8.2% organic growth despite a slight revenue dip to £97.9 million. The company achieved a 15.3% increase in adjusted EBITDA, attributed to significant new contracts and strategic shifts towards high-growth technology segments. The launch of new platforms and securing substantial contracts in key sectors like healthcare and finance have bolstered its market position. However, Maintel anticipates challenges in the coming year due to increased employer costs and the conclusion of certain major contracts, with FY25 revenue expectations set between £100m-£102m.
More about Maintel Holdings
Maintel Holdings Plc is a leading provider of cloud communications, security, and connectivity managed services, catering to the UK public and private sectors. The company focuses on three strategic pillars: Unified Communications and Collaboration, Customer Experience, and Security & Connectivity, with a core market of organizations with 250 to 10,000 employees in sectors like Financial Services, Retail, and Public Healthcare.
YTD Price Performance: 10.36%
Average Trading Volume: 2,645
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £39.78M
For an in-depth examination of MAI stock, go to TipRanks’ Stock Analysis page.
