Maintel downgrades earnings expectations following project delays
Ebitda for the full year was now expected at between £12.0m and £12.5m, compared to last year's £10.9m.
Maintel said a backlog of project work expected to boost second-half revenue didn't come through because some projects had been delayed.
The company said it had also been affected a significant shift in mix away from short-term projects, where revenue and earnings could be quickly recognised, to longer-term recurring revenue.
'It is the board's intention for the full year 2018 dividend to again grow year on year, in line with existing guidance,' the company added.
At 9:30am: [LON:MAI] Maintel Holdings PLC share price was -150p at 455p
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