TIDMFDP

RNS Number : 1993V

First Derivatives PLC

13 April 2021

13 April 2021

First Derivatives plc

("FD" or the "Group")

Trading update

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that it traded in line with market expectations for the year to 28 February 2021, generating revenue of GBP238m and adjusted EBITDA of GBP40m. Net debt at the period end was GBP10m, which is better than analyst forecasts and significantly reduced from the Group's net debt of GBP49m a year ago. The improvement in net debt is primarily driven by strong operating cash conversion, supplemented by the partial sale of our investment in Quantile Technologies for cash consideration of GBP11m.

The Group will announce full year results on 18 May 2021.

Enquiries

For further information please contact:

 
First Derivatives plc                                     +44(0)28 3025 2242 
 Seamus Keating, Chief Executive Officer            www.firstderivatives.com 
 Ryan Preston, Chief Financial Officer 
 Ian Mitchell, Head of Investor Relations 
 
Investec Bank plc (Nominated Adviser and Broker) 
 Andrew Pinder 
 Carlton Nelson                                               +44 (0)20 7597 
 Sebastian Lawrence                                                     5970 
 
Goodbody (Euronext Growth Adviser and Broker) 
 David Kearney 
 Don Harrington 
 Finbarr Griffin                                             +353 1 667 0420 
 
FTI Consulting 
 Matt Dixon 
 Dwight Burden 
 Darius Alexander                                             +44 (0)20 3727 
 Elena Kalinskaya                                                       1000 
 
 

About FD

FD is a global technology provider with more than 20 years of experience working with some of the world's largest finance, technology, automotive, manufacturing and energy institutions. The Group's KX technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. KX delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.

For further information, please visit www.firstderivatives.com and www.KX.com

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April 13, 2021 02:00 ET (06:00 GMT)

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