Maintel Holdings Plc provided earnings guidance for the second half and year ending December 31, 2018 and 2019. For the second half, the company anticipates a lower level of revenue and EBITDA in the second half than previously expected, for two main reasons: Whilst new sales in second half have been relatively strong, there has been a significant shift in mix away from short term projects where revenue and EBITDA can be quickly recognised, to longer term recurring revenue, particularly hosted UC and WAN products. This trend is forecast to continue over the remainder of the current financial year and into 2019. As previously reported, the group entered second half with a healthy backlog of project work which was expected to generate revenue in second half 2018 and into 2019. Some of the projects planned to complete in second half have been delayed, which will adversely affect revenue and EBITDA for the remainder of the year. As a result, the board now expects Adjusted EBITDA for the year ended 31 December 2018 to be in the range of £12 million to £12.5 million compared to 2017 £10.9 million. Outlook for 2019 will be provided at the time of the preliminary announcement of results in March, however the board remains confident in delivering growth in both revenue and EBITDA for the full year to 31 December 2019.