Ingenta PLC Trading Update (1887U)
January 16 2017 - 1:00AM
UK Regulatory
TIDMING
RNS Number : 1887U
Ingenta PLC
16 January 2017
16 January 2017
Ingenta plc
Trading Update
Ingenta plc ("Ingenta" or the "Group"), a leading software and
service provider to the publishing and media industry, is pleased
to provide the following trading update for the year ended 31
December 2016.
The Group's financial performance continues the recovery shown
in the first half of the year, with positive progress in terms of
revenues, margins, costs, and cash flow. As a result, the Board is
confident that the business will exceed market expectations for
EBITDA and cash for the full year, with a year-end net cash balance
of approximately GBP2 million. The Board reiterates its intention
to pay a dividend of 1 pence per ordinary share for the 2016
financial year, the first dividend in the Group's history.
Ingenta intends to announce its full year results during
March.
David Montgomery, Chief Executive Officer, commented:
"I am pleased that the actions we have taken are delivering a
substantially improved financial performance.
Following several years of product investment, we achieved a
significant increase in new business wins in 2016. We also made a
number of new senior hires which we expect will positively impact
the business going forward.
In addition to underpinning the results for 2016, these new wins
and the existing high level of recurring revenues provide a solid
base for continued progress in 2017 and beyond. Our priorities are
to drive sales growth whilst maintaining a disciplined approach to
costs and cash."
For further information contact:
Ingenta Plc +44 (0) 1865 397
David Montgomery 800
Cenkos Securities plc
Nicholas Wells +44 (0) 20 7397
Elizabeth Bowman 8900
This announcement contains inside information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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