TIDMBLTG
RNS Number : 0066E
Blancco Technology Group PLC
13 July 2016
Blancco Technology Group PLC
("Blancco", or the "Group")
PRE-CLOSE TRADING UPDATE AND NOTICE OF RESULTS
Blancco, a leading global provider of mobile device diagnostics
and secure data erasure solutions, is today issuing a pre-close
trading update for the year ended 30 June 2016.
The board is pleased to report that the positive momentum
reported at the interim results has continued through the second
half of the year. For the financial year ending 30 June 2016,
revenues increased approximately 49% over the prior year, of which
34% was organic, and both revenues and operating profits are
expected to be in line with market expectations.
Growth was driven by expansion in the new and strategically
important Mobile Erasure and Live Environment Erasure products, and
geographically by the Americas business.
During the period, the Group continued to consolidate its sales
office network through acquiring the remaining share of those
offices it did not previously own. At the same time Blancco has
expanded geographically with the opening of four new sales offices,
covering MENA, Benelux, India and China, all of which have been
identified as markets with strong opportunities for the Group's
suite of products and which are expected to contribute positively
in the next financial year.
The Group's customer base and revenue streams are diversified
and global. This, coupled with strong demand for data erasure,
gives the Board confidence in the prospects for financial year 2017
and beyond.
The Group will be announcing its final results on Tuesday, 20
September 2016. An analyst briefing will be held at 09.30 at the
offices of Tulchan Communications, 85 Fleet Street, London, EC4Y
1AE.
Sector change
Blancco is also pleased to announce that following the
successful completion of the disposal of the Repair Services
Business in April 2016, the FTSE industry classification of the
Group has been reclassified as Software & Computer Services;
sub-sector Software. The Group was formerly classified under the
Support Services sector.
The Group considers that the classification under Software more
accurately reflects the existing and future business activities of
Blancco following its refocus as a pure play software business.
The sector change was made effective on the London Stock
Exchange on 20 June 2016 following the quarterly ICB classification
review.
Patrick Clawson, Chief Executive Officer, commented:
"We're pleased with our performance during this financial year.
The strength of our business model, with its high proportion of
recurring revenue, provides stability from which we can continue to
invest for growth. We are looking forward to further growth in
2016/17 and further extending our global reach. Demand for our
products continues to be strong, driven by a growing awareness of
the importance of data sanitation and regulation."
Enquiries:
Blancco Technology Group Plc +44 (0) 20 3657 7000
Patrick Clawson, Chief Executive Officer
Jog Dhody, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0) 20 7418 8900
Richard Kauffer
Euan Brown
Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500
Dominic Morley, Corporate Finance
Charles Leigh Pemberton, Corporate Broking
Tulchan Communications +44 (0) 20 7353 4200
Tom Murray
About Blancco
Blancco Technology Group is a leading global provider of mobile
device diagnostics and secure data erasure solutions. For more
information, please visit www.blanccotechnologygroup.com.
Cautionary statement
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. Forward-looking statements often use words such
as anticipate, target, expect, estimate, intend, plan, goal,
believe, will, may, should, would, could, is confident, or other
words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this
document and, by their very nature, they are subject to known and
unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and Blancco's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements.
There are a number of factors which could cause actual results
to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause
actual results to differ materially from those described in the
forward-looking statements are; increased competition, the loss of
or damage to one or more key customer relationships, the outcome of
business or industry restructuring, changes in economic conditions,
currency fluctuations, changes in laws, regulations or regulatory
policies, developments in legal or public policy doctrines,
technological developments, the failure to retain key management,
or the key timing and success of future acquisition opportunities
or major investment projects.
Blancco undertakes no obligation to revise or update any
forward-looking statement contained within this announcement,
regardless of whether those statements are affected as a result of
new information, future events or otherwise, save as required by
law and regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDDGDRDGBBGLD
(END) Dow Jones Newswires
July 13, 2016 02:00 ET (06:00 GMT)