30 September 2024
4GLOBAL plc
("4GLOBAL" or "the Company")
AGM Statement
4GLOBAL, a provider of data and
technology for sports, fitness and wellness organisations to
optimise operational and investment decisions, is pleased to
provide an update on trading ahead of its Annual General Meeting
this morning.
The Board confirms trading in the
six months to 30 September 2024 ("the period") has been
encouraging, and that the Company is trading in line with market
expectations1 for the full year. Cash flow is improving
as we move into H2, supported by timely customer payments. As
highlighted previously and consistent with historical trends, the
majority of commercial activity is expected to occur in the second
half of the year due to the budget seasonality in our
markets.
A more comprehensive trading update
covering the period will be published next month.
1Market expectations refer to
analyst forecasts for FY25 of £7.6m in revenue, £1.9m in adjusted
EBITDA and £1m in cash at year end.
Contacts
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4GLOBAL
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via Alma
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Eloy Mazon (CEO)
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Keith Sadler (CFO)
Stuart Wooller (Group Finance
Director)
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Spark Advisory Partners (Nominated Adviser)
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+44 (0)20 3368 3554
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Neil Baldwin
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Canaccord Genuity (Broker)
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+44 (0)20 7523 8000
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Bobbie Hilliam
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Alma Strategic Communications
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+44 (0)20 3405 0205
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Rebecca Sanders-Hewett
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4global@almastrategic.com
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David Ison
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Louisa El-Ahwal
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Josh Royston
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About 4GLOBAL
4GLOBAL empowers sports, fitness and
wellness organisations to make faster, smarter decisions about
their operations, customers and investments through data and
actionable insights.
It operates the largest sport
participation and facility database in the world, with more than 4
billion data points.
Sourcing data from health &
fitness operators, community programmes and other structured
activities through its DataHub while drawing on information from
GPS location updates and wearable devices, 4GLOBAL's unique
combination of data assets provides a holistic view of physical
activity patterns.
4GLOBAL is at the forefront of
predictive modelling and advanced analytics, with the insights it
generates empowering customers to drive efficiencies, improve
customer relationships and make more informed strategic
decisions.
Its customers span both the public
and private sectors, including central and local governments,
cities, sporting bodies, trade associations, health & fitness
operators and sports clubs.
Key markets include North America,
the Middle East and Europe. Its headquarters are in London with
offices in Miami and Istanbul.
4GLOBAL was founded in 2002 and
listed on AIM in 2021 under the ticker 4GBL.