Adept technology 2019 interim results
Revenue and EBITDA
Total revenue increased by 9.5% to £24.4 million (2017: £22.3 million)
Managed services revenue increased by 19.2% to £18.0 million (2017: £15.1 million)
Managed services revenue up to 74% of total revenue (2017: 67%)
EBITDA increased by 10.7% to £5.2 million (2017: £4.7 million)
EBITDA margin 21.2% (2017: 20.9%)
PBT, EPS and Dividends
Adjusted profit after tax increased by 13.4% to £3.7 million (2017: £3.2 million)
Adjusted EPS increased by 11.7% to 14.5p (2017: 13.0p)
Interim dividend increased by 15.3% to 4.9p per share (2017: 4.25p)
Cash Flow and Debt
Reported EBITA conversion to pre-tax cash from operating activities 81.9% (2017: 90.7%)
Net senior debt at period end of £25.1 million (2017: £20.8 million)
£8.5m of funds used to fund Shift F7 Group Limited acquisition and Our IT earnout
