Voice and data integrator Affiniti’s
trading performance is currently at the lower end of previously set targets,
parent Kcom has admitted.
In an interim management statement for the three months to 31 December, the
telecoms group admitted its ‘integration and managed services businesses’ are
anticipated to deliver results at the lower range of expectations. This
encompasses Affiniti and two smaller units.
Management had previously targeted an EBITDA (earnings before interest, tax,
depreciation and amortisation) margin range of between 3 and 5 per cent for this
part of its business.
Kcom confirmed that overall group trading remains within the range of its
expectations.
“Based on the developments both in business focus and cost management
implemented this year, our target EBITDA margins of 5-8 per cent in 2008/2009
and 7-10 per cent in 2009/10 remain achievable,” the firm said in a statement.
It added that its telecoms and internet businesses continues to trade well.
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