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IOM
Iomart Group PLC
380/1000 Overall fit
AI beneficiary 35% 35
Operating leverage 25% 52
Valuation 25% 30
Downside protection 15% 36
First-pass take
Cloud MSP with 89% recurring revenue but declining margins (EBIT margin −620bp YoY) and elevated leverage (2.7x post-Atech). No explicit AI exposure despite Azure focus; customer churn (−7% organic) and Atech concentration offset contract stickiness.
Flags
high-leveragecustomer-churncustomer-concentrationm-and-amargin-pressureno-valuation-data