Highlights: 2007 2006 Growth Euro’000 Euro’000 Revenue 24,716 12,352 100% EBITDA 3,518 2,444 44% Profit after tax 2,613 2,207 18% Adjusted Diluted EPS * 4.6 cents 4.0 cents 15% Chairman’s Comments Rod Matthews, Chairman of Zamano commented; “The Group has once again delivered revenue and EBITDA growth ahead of market expectations. In addition to this strong financial performance, the Group has also completed two very significant acquisitions which will be key factors in delivering future growth. Trading to date in 2008 is good, and the Board is pleased with progress made in the integration of Red Circle. The Board looks forward to the remainder of the year and is confident that the Group will continue to deliver revenue and profit growth.”
CEO’s Comments John O’Shea, CEO of Zamano commented; “2007 was a transformational year for Zamano plc. When the Company listed in October 2006, we explained that our strategy for the growth and development of the Group would be focused on three key areas:
- Identification of suitable merger and acquisition targets in order to ensure that Zamano benefits from the continuing consolidation of the market;
- Development of our technology platform to support new technologies and services; and
- Identification of appropriate new geographic markets and controlled entry into those markets.
The Group made substantial progress in executing its strategy during 2007, resulting in a strong financial performance with revenues doubling and EBITDA increasing by 44%.
During the year, the Group considerably strengthened its management team and has put the right resources in place to extend its strong growth story into 2008 and beyond.
I am very satisfied with recent progress in developing our team, our strategy and technology, and am confident that the 6 years of consecutively high growth to 2007 will continue in 2008 and beyond.”