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Energis strikes deal with Mitel

Posts larger turnover for half year

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Energis posted its interim half year results to the 30th of September. Turnover rose by 76 per cent to £121 million, with profits of of £19.4 million before tax, depreciation and amortisaton. Earnings before interest and tax halved to £10.5 million while its pre-tax loss was halved to £16.1 million. New customers gained in the period were DHL, Renault and Whitbread. The DHL and Whitbread contracts are to provide the companies with virtual private networks, while the Renault deal is for a national data network. Mike Grabiner, chief executive of Energis said the company was building market share and margin in a market that was growing strongly. He said Energis has strengthened its position as a network service provider to the dealer, aggregator and reseller markets. It has signed a contract with Mitel which will now sell Energis services to its customer base. Broadband data services and advanced voice was also growing in demand. Costs continued to fall as a percentage of sales. ®

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