Ingenta PLC Trading Update (3450U)
August 01 2022 - 1:00AM
UK Regulatory
TIDMING
RNS Number : 3450U
Ingenta PLC
01 August 2022
1 August 2022
Ingenta plc
(the "Company")
Trading Update
Ingenta plc (AIM: ING), a leading provider of software and
services to the global publishing industry, is pleased to confirm
that trading in the six-month period to 30 June 2022 has shown a
return to revenue growth. As a result of the difficult decisions
taken by management over the last few years in reducing the Group's
cost base, and the hard work of our employees, the benefits of this
growth have produced a substantial increase in margins and
resultant profitability. Performance in the first half has been
driven by a continued expansion of the Group's Managed Services
offering.
The Group expects to report revenue of approximately GBP5.3m
(2021: GBP5.1m) and adjusted EBITDA of approximately GBP1.25m
(2021: GBP0.75m) for the six month period to 30 June 2022. Closing
cash balances as at 30 June 2022 were GBP4.4m (2021: GBP3.1m)
helped by strong cash collection.
The Board is confident that the outlook for the year remains
positive and that the Company will report results for the year
ended 31 December 2022, comfortably in line with market
expectations.
The Company's interim results are expected to be announced in
September 2022.
For further information please contact:
Ingenta plc Tel: 01865 397 800
Scott Winner / Jon Sheffield
Cenkos Securities plc Tel: 0207 397 8900
Nicholas Wells / Katy Birkin
Certain of the information contained within this announcement is
deemed by the Company to constitute inside information as
stipulated under the UK version of the EU Market Abuse Regulation
(2014/596) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended and supplemented from time to
time.
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END
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