Inabox Group Limited (“Inabox”, ASX: IAB) announced its results for the full year ended 30 June 2015 (FY15). The results include 6 months’ trading of the Anittel business acquired on 1 January 2015 and are consistent with guidance provided in 2H15. Inabox is pleased with the progress of all business units and the Board has reaffirmed its previously announced EBITDA guidance for FY16 of at least $5m.
The acquisition of Anittel and strong growth in the Enablement business lifted full year revenue by 37% to $64.3m.
EBITDA was $1.88m, down 22%, largely as a result of the Anittel acquisition which posted (EBITDA) losses in the first 4 months of 2HFY15 of approximately $0.55m. With its turnaround substantially completed, Anittel began generating positive EBITDA in May and June.
EBITDA was also negatively impacted by $0.66m of one-off transaction and restructuring costs relating to the Anittel acquisition. Excluding these costs, underlying EBITDA increased by 5% compared to FY14. The acquisition of the Anittel business was completed on 1 January 2015. The Anittel business is now fully integrated into Inabox.