Redcentric expects to meet full-year forecasts

16th Mar 2015 07:11

Redcentric, the AIM-listed business technology group, said revenue and operating profits would match market expectations for the year ending 31 March.The company cited "continued organic growth in contracted recurring revenues" and "strong performance" in the second half of the year.The group also reported that cash generation enabled a reduction in net debt as expected, along with a "progressive" dividend policy. Chief executive Tony Weaver said: "The excellent progress reported in our interim statement has continued and I am delighted that we expect our performance for the year to be comfortably in line with market expectations."We continue to focus on the high quality delivery of critical services to our customers, earning a reputation as the independent provider of choice to the UK mid-market."The strong business platform we've built is well-placed to continue to grow, and we are now looking to make accretive acquisitions to accelerate that growth."Annual results are due on 15 June.