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Iomart Group plc ( (GB:IOM) ) has issued an announcement.
Iomart Group plc reported a mixed financial performance for the year ended 31 March 2025, with a 13% increase in revenue to £143.5 million, driven by acquisitions and growth in certain service areas. However, the company faced challenges with a statutory loss before tax of £53.2 million due to a significant non-cash goodwill impairment charge. Despite these challenges, the acquisition of Atech has been a positive strategic move, contributing to revenue growth and enhancing the company’s service offerings. The company is focused on improving operational efficiency, reducing debt, and addressing customer churn to support future growth.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £0.85 price target. To see the full list of analyst forecasts on Iomart Group plc stock, see the GB:IOM Stock Forecast page.
Spark’s Take on GB:IOM Stock
According to Spark, TipRanks’ AI Analyst, GB:IOM is a Neutral.
Iomart Group plc’s stock shows strong financial performance and attractive valuation, indicating potential for growth and income. However, the bearish technical indicators suggest caution in the short term, as the stock may face downward pressure. The recent strategic brand unification under ‘Atech’ is a positive step towards strengthening market presence.
To see Spark’s full report on GB:IOM stock, click here.
More about Iomart Group plc
Iomart Group plc is a secure cloud services company that operates within the IT sector, focusing on providing cloud and security solutions. The company has strengthened its market position through strategic acquisitions, such as Atech, enhancing its capabilities in public cloud and security services.
Average Trading Volume: 212,738
Technical Sentiment Signal: Sell
Current Market Cap: £33.49M
For a thorough assessment of IOM stock, go to TipRanks’ Stock Analysis page.