Latest News

See below for all the latest news from AdEPT

Environmental, Social, and Governance

Publish on
AdEPT is keen to play it’s part in making the world a better place for current and future generations, and our new Environmental, Social and Governance (ESG) paper is now available to read, setting out an accountable, transparent framework for engaging with sustainability as a company. Areas covered include energy use, waste management, and climate change, as well as human rights, diversity and inclusion. Click here to read more.

Datrix acquisition integrating well

Publish on
13 September 2021 ADEPT TECHNOLOGY GROUP PLC ("AdEPT" or the "Group") Datrix acquisition integrating well AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, is pleased to report that Datrix, a substantial and strategically important acquisition announced in April 2021 is integrating well with early key goals achieved. GOAL 1 - Migration to core systems Immediately following the acquisition, the Datrix team began work with AdEPT's Project Fusion team to migrate to the Group's internal systems, ONE AdEPT.  We are pleased to report that this was successfully and smoothly achieved in August, ahead of plan. As a result, we are already seeing increased operational insight across the internal teams. Datrix's outstanding products, services and partners has added significantly to our capabilities, bringing scale and extending both our expertise and our solution breadth. The swift integration means our customers…

Notice of AGM and Posting of Annual Report

Publish on
20 August 2021 ADEPT TECHNOLOGY GROUP PLC(“AdEPT” or the “Group”) Notice of AGM and Posting of Annual Report AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, announces that its Annual Report for the year ended 31 March 2021, together with the Notice of its 2021 Annual General Meeting (AGM) are now available on the Group’s website https://www.adept-technology-group.co.uk/. Copies of both documents will be posted to shareholders later today. The AGM is to be held at the Group’s registered office at Oakhurst House, 77 Mount Ephraim, Tunbridge Wells, Kent TN4 8BS on 23 September 2021 at 10.00am. Attendance at the AGM and the impact of COVID-19 In accordance with the UK government’s roadmap to ease COVID-19 restrictions across England at the time of writing, it is expected that it will be possible to offer an in-person meeting. However,…

FINAL RESULTS 2021

Publish on
ADEPT TECHNOLOGY GROUP PLC(“AdEPT” or the “Company” or the “Group”) FINAL RESULTS 2021 AdEPT, one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services, is pleased to announce its final results for the full year ended 31 March 2021 (“FY21”). The Group delivered a resilient financial performance under highly challenging trading conditions and made considerable progress in its strategic ambitions, despite the disruption. Financial highlights   Revenue of £57.9m at 94% of FY20 (2020: £61.7m)   Gross Profit of £27.6m at 91% of FY20 (2020: £30.2m)   Underlying EBITDA of £9.8m at 84% of FY20 (2020: £11.7m)1   Underlying EBITDA margin of 17% (2020: 19%)   Adjusted fully diluted earnings per share of 22.4p (2020: 28.0p)2   Cash generation from operating activities after tax £7.4m (2020: £7.6m)   Cash at year-end £13.2m (2020: £11.8m)   Conversion of reported EBITDA to operating…

Notice of Results and Online Investor Presentation

Publish on
ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”) Notice of Results and Online Investor Presentation AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, is pleased to confirm that the results for the financial year ended 31 March 2021 (“FY21”) will be released on Wednesday, 7 July 2021. There will be a live online results presentation via the Investor Meet Company platform on that day, 7th July 2021, commencing at 1:00pm. The presentation is open to all existing and potential investors. Questions may be submitted pre-event via the Investor Meet Company dashboard, up until 9am the day before the meeting or at any time during the live presentation. Investors may sign up to Investor Meet Company for free and add to meet ADEPT TECHNOLOGY GROUP PLC via: https://www.investormeetcompany.com/adept-technology-group-plc/register-investor. Investors already following AdEPT on the Investor Meet Company platform will…

ACQUISITION OF DATRIX LIMITED

Publish on
ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”) ACQUISITION OF DATRIX LIMITED A substantial, strategically important acquisition in the growing advanced cloud-based networks market AdEPT, one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services, is pleased to announce that yesterday it completed the acquisition of the entire issued share capital of Datrix Limited (“Datrix”) for an initial cash consideration of £9.0m (the “Acquisition”), which has been funded through the Group’s new bank facility. Datrix is a well-established, award-winning supplier of advanced cloud-based networking, communications, and cyber security solutions, headquartered in London, with expertise in the growing Software Defined Wide Area Networking (“SD-WAN”) market. This substantial, strategically important acquisition is wholly in line with the Board’s stated strategy to; a) grow both organically and by acquisition, leveraging the Group’s banking facilities which are supported by a strong balance…

New Banking Arrangements

Publish on
ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”)Trading UpdateandNew Banking Arrangements AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, is pleased to announce a trading update for the financial year ended 31 March 2021 (“FY21”), ahead of the Group’s audited results which are expected to be released in July 2021. * Earnings before interest, tax, depreciation, amortisation and excluding one off acquisition and restructuring costs and share based payments Trading Update The Board is pleased to report that, as expected, the Group delivered a resilient performance in Q4, despite the ongoing challenges of the pandemic. Sustained customer demand avoided any need for the Job Retention Scheme (“furlough scheme”) in Q4, which had been utilized by the Group in Q1 and Q2. The Group expects to close FY21 in-line with current market forecasts for revenue…

Q3 Trading Update, Capital Markets Day and Board Changes

Publish on
AdEPT Technology Group PLC (“AdEPT” or the “Company” together with its subsidiaries the “AdEPT Group”) Q3 Trading Update, Capital Markets Day and Board Changes AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, today announces a trading update for Q3 of the current financial year ending 31 March 2021. Resilience supports reinstating guidance In the September 2020 interim results announcement we noted the incredible resilience of the AdEPT business model despite the headwinds created by the unique challenges posed by the COVID-19 pandemic. Whilst a number of these challenges remain, given that we are currently in a UK-wide lockdown, the resilience of the AdEPT business model has been maintained and the Company is pleased to announce that it is reinstating guidance for the current year outturn and the year ending 31 March 2022. Professional investors who wish to…

AdEPT supports Department for Education

Publish on
AdEPT Technology Group PLC("AdEPT" or the "Company")  In support of the Department for Education, AdEPT has digitally enabled 500+ schools as part of the DfE's initiative to cloud enable schools to help them with remote education.  25 January: for immediate release  AdEPT Press Release With its mission of 'uniting technology, inspiring people', AdEPT Technology Group today announces a milestone in its partnership with Google's G Suite for Education and Microsoft's Office 365 Education with over 500 schools now being set up with a digital education platform.   Relevance for investors  AdEPT Technology Group is on course to win more business in the education sector as it continues its strategic partnership with Google for Education and Microsoft 365 for Education.  Responding to significant market demand, the partnerships enable AdEPT to win incremental cloud business - helping the Group to further support the education market place which is expected to further grow to £96.5 billion in 2022/23 (Source: HM…

AdEPT connectivity powers part of the NHS’ biggest data network transition programme to date

Publish on
AdEPT Technology Group PLC ("AdEPT" or the "Company") AdEPT connectivity powers part of the NHS’ biggest data network transition programme to date AdEPT Press Release With its mission of 'uniting technology, inspiring people', AdEPT Technology Group has helped the NHS succeed in a major technology transformation.  Relevance for investors Winning a mandate to deliver a substantial program of work is only the start of the journey. Delivering success, and being commended as a result, is a far more important milestone and augurs well for winning new projects to provide critical infrastructure in both the public and private markets. The story In November 2020, the NHS declared victory on a massive project to transfer hundreds of NHS and social care sites from a legacy data network to an updated version in a project expected to save the heath service £75million a year. About 12,000 sites belonging to 950 NHS, social care,…
1 2 3 19

Get in touch

Contact

For more information on any of our services or to talk about how we may be able to help you, please get in touch with us using the form opposite or by clicking the link below.

Drop us a line