TIDMARC

RNS Number : 8823G

Arcontech Group PLC

24 July 2023

ARCONTECH GROUP PLC

("Arcontech" or the "Company")

Trading Update & Notice of Results

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that for the year ended 30 June 2023 turnover is expected to be in line with market expectations and adjusted EBITDA and adjusted profit before tax is expected to be ahead of market expectations by approx. 31% and 49% respectively through a combination of lower than anticipated staff related costs arising from lower variable costs and delayed hires. These are expected to be once off savings in the year to 30 June 2023. Expectations for the current financial year therefore remain unchanged.

Financial expectations noted above are preliminary and subject to year-end financial close and audit review processes.

Notice of Results

The Company's results for the 12 months ended 30 June 2023 are expected to be announced in early September 2023 and the Board look forward to updating shareholders with further details at that time.

Enquiries:

 
                                            020 7256 
 Arcontech Group plc                         2300 
 Geoff Wicks, Chairman and Non-Executive 
  Director 
 Matthew Jeffs, Chief Executive 
 
                                            020 7220 
 finnCap Ltd (Nomad & Broker)                0500 
 Carl Holmes/George Dollemore 
  Harriet Ward (ECM)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

About Arcontech

Arcontech Group Plc (LSE: ARC) is the leading independent provider of financial market-data infrastructure and display solutions. With multi-source data collection, value added processing, publishing, distribution and display, Arcontech provides a highly performant, cost effective and flexible alternative to traditional market data infrastructure or building it in-house.

Solutions can be "off-the-shelf", customised or completely new developments; Cloud, On-prem or Hybrid. Our deep domain knowledge and automated test suite ensure the right solution at the right time at the right price.

We are also Bloomberg, Refinitiv and Symphony development partners underlining our independence and ability to deliver viable, value added, vendor agnostic solutions to meet financial institutions real-time market data workflow needs.

Our clients include Global Tier 1 and Tier 2 financial market participants along with key market regulators.

For more information about us and what we can do for you, please visit: www.Arcontech.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTLXLLLXDLXBBZ

(END) Dow Jones Newswires

July 24, 2023 02:00 ET (06:00 GMT)

Arcontech (LSE:ARC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Arcontech Charts.
Arcontech (LSE:ARC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Arcontech Charts.