30 January 2024
Dillistone Group Plc
("Dillistone", the "Company" or the
"Group")
Trading Update & Notice of
Results
Dillistone Group Plc, the AIM quoted
supplier of software and services for recruiters, provides a
trading update for the 12 months ended 31 December 2023.
Trading
Update:
The Board is pleased to report that
it expects its 2023 results to show continuing progress in its
turnaround, with profit measures in line with expectations. This is
expected to result in a first adjusted operating profit since 2018
and a significant improvement in EBITDA.
In its Interim Results announcement
released on 26 September 2023, the Board noted the challenging
economic conditions, which had worsened in Q2. Since then,
conditions have deteriorated further, as demonstrated by a number
of recent announcements made by recruiters about trading conditions
in Q4.
Nevertheless, due to the investments made in internal systems and
technology, the Group can now react rapidly to changes in demand. The Board is therefore pleased to note
that the return to profitability is expected to be delivered while
the Group continues to maintain investment in product development.
As a result, the Board is confident that, when the recruitment
sector does return to growth, the Group's products will be well
positioned to take advantage.
The Group today enjoys
recurring revenues forecast to cover over 100% of
administrative expenses, so providing a
strong base for the future and giving the Board confidence in its
ability to deliver further progress in 2024.
Notice of
Results:
The Board expects to release final
results for the 12 months to 31 December 2023 by early
May.
Contacts:
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Dillistone Group Plc
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Via Walbrook
PR
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Jason Starr
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Chief Executive
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Ian Mackin
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Finance Director
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WH
Ireland Limited (Nominated
adviser)
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Chris Fielding
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Head of Corporate Finance
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020 7220
1650
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Walbrook PR
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Tom Cooper / Nick Rome
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020 7933
8780
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dillistone@walbrookpr.com
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This announcement contains inside
information for the purposes of Article 7 of the UK version of
Regulation (EU) No 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended ("MAR").
Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to
be in the public domain.
The person responsible for arranging
the release of this announcement on behalf of the Company is Ian
Mackin, Finance Director of the Company.
Notes to Editors:
Dillistone Group
Plc is a
leader in the supply and support of software and services to the
recruitment industry. Dillistone operates through the Ikiru People
(www.IkiruPeople.com)
brand.
The Group develops, markets and
supports the Talentis, FileFinder, Infinity, Mid-Office, ISV and
GatedTalent products.
Dillistone was admitted to AIM, a
market operated by the London Stock Exchange plc, in June
2006.
Learn about our products:
Talentis
Software:
https://www.talentis.global/recruitment-software/
Voyager
Software:
https://www.voyagersoftware.com
GatedTalent Executive
Jobs: https://www.talentis.global/all-jobs