Maintel Holdings (GB:MAI) has released an update.
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Maintel Holdings PLC reports a slight revenue decrease to £46.6 million, but a notable 28.2% EBITDA increase for the first half of 2024, crediting new wins and a streamlined business for the growth. The company is undergoing a strategic shift focusing on Unified Communications, Customer Experience, and Security & Connectivity, while also reducing net cash debt to £15.6 million. Maintel anticipates a stronger second half following substantial new contract wins and an improved adjusted EBITDA margin due to cost control measures.
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