Maintel Holdings Plc, a leading provider of cloud and managed communications services, announced its audited results for the 12-month period to 31 December 2024.
The Group reported an underlying revenue growth of 8.2%, adjusted EBITDA growth of 15.4% and adjusted profit before tax growth of 32.7%.
Total Contract Value in new business with both existing and new customers exceeded £45 million. Notably, 79% of new sales bookings were within the company’s three strategic pillars.
During the year, Maintel continued to successfully execute on its strategic transition away from a communications generalist to a specialist, focused on the three key strategic pillars of Unified Communications & Collaboration, Customer Experience, and Security & Connectivity.
Commenting on the Group’s results, Dan Davies, Chief Executive Officer, said:
“It is an exciting time for Maintel as we progress our business transformation plan, pivoting the Group from a generalist to a highly skilled specialist operating across three high-growth technology segments and we are pleased to report significantly improved profitability and underlying organic growth in 2024, delivered through continued transformation progress and execution of our strategy.”
“While, like many, Maintel faces widely publicised macroeconomic headwinds in the coming year, we continue to show resilience in a difficult market due to the mission critical nature of the communications services we provide, alongside our high levels of customer loyalty and contracted recurring revenue. The Board remains confident that it can build on the encouraging progress made across all aspects of the business during 2024 and meet market expectations for 2025 but is again expecting the performance to be weighted towards the second half of the year. The journey from a generalist Managed Service Provider to a highly skilled specialist continues to well-position Maintel for the future.”
Click here to read the London Stock Exchange Announcement
Click here to access our Annual Reports
Our CEO Dan Davies and CFO Gab Pirona hosted an investor webinar via London Stock Exchange’s LSE Spark to discuss the Maintel 2024 Annual Results. You can view this below.