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Gamma Communications plc

  • Market Cap (£m) 1063.6
  • Listing AIM

Company Description

Gamma is a leading provider of Unified Communications as a Service (UCaaS) into the UK, Dutch, Spanish and German business markets (having built its European operations through acquisition), supplying communication solutions via its extensive network of trusted channel partners and also directly. Its combination of network investment, a digital-first approach and in-house development skills has enabled Gamma to develop a comprehensive portfolio of communications services with a significant amount of intellectual property. It offers flexible solutions and enjoys a collaborative culture with specialist expertise of business communications. Its connected communications offering relies on sophisticated, dependable and secure products and services. Gamma provides end-to-end control and technical integration of network services.

Investment Summary

Gamma is active in an exciting growth area of the telecoms market and its strategic positioning allows it to compete strongly. The group has now made six acquisitions that have established its presence in the Netherlands, Spain and Germany. We note that, together, the Cloud PBX markets in Spain, Netherlands and Germany represent an opportunity more than three times the size of that of the UK, representing ideal opportunities for Gamma. We also anticipate that the group will further expand its European presence via more acquisitions. Meanwhile, we expect Gamma to continue to benefit from its resilience in the current operating environment through a range of growth opportunities in both the UK and European unified communications markets.

Recent Content

    Switch-on to the PSTN switch-off

    05/09/2023 Gamma Communications plc

    Gamma Communications’ H1 results, released today, show strong performance in the two UK business units and very encouraging […]

    Resilient operational and strategic progress

    02/08/2023 Gamma Communications plc

    The trading update for the six months ended 30 June confirms that Gamma performed well in H1 and […]

    AGM update – ticking all the right boxes

    17/05/2023 Gamma Communications plc

    Today’s AGM trading update confirms that Gamma has continued to show growth across all three business areas. Management […]

    Continuing UK growth drives profit and cash

    21/03/2023 Gamma Communications plc

    Gamma’s results for the year ended 31 December 2022, released today, are in line with expectations and guidance, […]

    Confidently following a consistent course

    12/01/2023 Gamma Communications plc

    Gamma’s trading statement for the year ended 31 December 2022, issued today, confirms that the group will be […]

    Quality shining through

    06/09/2022 Gamma Communications plc

    Gamma Communication’s robust H1 results, released today, contained no significant surprises, following the confirmatory trading update issued at […]

    The growth story continues

    02/08/2022 Gamma Communications plc

    Gamma’s H1 trading update, released today, reaffirms guidance and confirms that, despite wider market concerns, the company is […]

    Q1 update – on course for another growth year

    19/05/2022 Gamma Communications plc

    Gamma has today issued a Q1 trading update, coinciding with its AGM. The update confirms that the year […]

    Steady progress over choppy waters

    22/03/2022 Gamma Communications plc

    Gamma’s results for the year ended 31 December 2021, released this morning, are broadly in line with our […]

    Positive trading update

    12/01/2022 Gamma Communications plc

    Gamma this morning issued a positive trading update for the 2021 period. Revenue is within the current consensus […]

    Europe – growth, skills and reassurance

    24/11/2021 Gamma Communications plc

    Gamma’s Capital Markets Day (CMD) on 9 November focused on its European operations. The proceedings started with a […]

    Moving resolutely forwards

    07/09/2021 Gamma Communications plc

    Gamma continues to produce consistently good results with these interims reflecting a strong business performance in both the […]

    Another good half year of growth

    13/07/2021 Gamma Communications plc

    Gamma’s trading update for H1 2021E notes another good performance, with growth in line with market expectations for […]

    CMD underlines strategic progress

    17/06/2021 Gamma Communications plc

    Gamma’s recent Capital Markets Day (CMD) focused on its market opportunity and product portfolio. There were also demonstrations […]

    On track Q1 performance

    20/05/2021 Gamma Communications plc

    Gamma’s AGM trading update confirms the continued momentum in the business during Q1 2021E as the group sees […]

    FY 2020 results confirm another strong year

    23/03/2021 Gamma Communications plc

    The recent acquisition of Mission Labs was one of strategic importance to Gamma, in our view. It exemplified […]

    Acquisition of Mission Labs augments offerings

    03/03/2021 Gamma Communications plc

    The acquisition of Mission Labs for an initial £40.2m adds recurring revenues from a business which will bring […]

    Clear delivery on ‘optionality’

    11/01/2021 Gamma Communications plc

    Gamma’s trading update for its financial year to the end of December 2020 reflects another strong year for […]

More Content

Company Management Team

  • Andrew Belshaw

    Chief Excecutive Officer

    A Chartered Accountant by background, Andrew has worked in both audit and corporate finance at Deloitte LLP and Ernst & Young, specialising in providing advice to a wide range of clients in the technology sector. After leaving private practice, Andrew worked alongside the Commercial Director in a new business development role at Xansa plc before joining Gamma in 2007. Andrew has a degree in Maths from St John’s College, Cambridge and gained an MBA from Warwick Business School. He is a Fellow of the Institute of Chartered Accountants in England and Wales. Andrew was promoted to CEO in 2022 having formally been Gamma’s Interim CEO and former CFO.

  • William Castell

    Chief Financial Officer

    Bill joined Gamma in 2022 from OVO Energy, where he held the role of Chief Financial Officer. Before joining OVO Energy in 2020, Bill spent three years at Virgin Media which he joined as Deputy Chief Financial Officer and later became acting Chief Financial Officer. From 2005 to 2017, Bill was at Barclays Bank where he held a number of senior finance roles including Chief Financial Officer at Barclays Corporate Bank and Chief Financial Officer of Barclaycard Europe. Bill started his career as an Officer in the British Army and, as a qualified accountant (FCA), has worked in the technology, media and telecom sector as an auditor at Deloitte and investment banker with Goldman Sachs. Bill is also a Non-Executive Director of the Financial Ombudsman Service.

Key Dates

Jan 2021
11th
Q4 TU
Actual
Mar 2021
23rd
Finals
Actual
May 2021
20th
Q1 TU
Actual
Jun 2021
10th
CMD
Actual
Jul 2021
14th
Q2 TU
Actual
Sep 2021
7th
Interims
Actual
Nov 2021
8th
CMD
Actual
Jan 2022
12th
Q4 TU
Actual
Mar 2022
22nd
Finals
Actual
May 2022
19th
Q1 TU
Actual
Aug 2022
2nd
Q2 TU
Actual
Sep 2022
6th
Interims
Actual
Jan 2023
12th
Q4 TU
Actual
Mar 2023
21st
Finals
Actual
May 2023
17th
AGM
Actual
Aug 2023
2nd
Q2 TU
Actual
Sep 2023
5th
Interims
Actual
Jan 2024
12th
Q4 TU
Estimate
Mar 2024
21st
Finals
Estimate
May 2024
16th
AGM
Estimate
May 2024
17th
Q1 TU
Estimate
Aug 2024
2nd
Q2 TU
Estimate
Sep 2024
5th
Interims
Estimate