REG - Ingenta PLC - Trading Update

IngentaAnnouncement

31/01/2024 07:00

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RNS Number : 4307B  Ingenta PLC  31 January 2024

31 January 2024

 

Ingenta plc
("Ingenta" or the "Group")

Trading Update

Ingenta plc (AIM: ING), a leading software and services provider to the
publishing and media industries, is pleased to provide the following trading
update for the year ended 31 December 2023.

The Group expects to report the following headline figures:

                        2023                 2022        % Change

                        (subject to audit)   (audited)
 Revenue                £10.8m               £10.5m      3%
 Adjusted EBITDA        £2.2m                £2.0m       10%
 EBITDA                 £2.0m                £1.6m       25%
 Profit before tax      £1.7m                £1.2m       42%
 Year-end cash balance  £2.7m                £2.4m       13%
 Earnings per share     13.6 pence           9.02 pence  51%
 Full year dividend     4.1 pence            3.45 pence  16%

 

In line with the previously stated intention to implement a progressive
dividend policy, the Board intends to pay a final dividend of at least 2.6
pence (2022: 2.25 pence) per ordinary share for the 2023 financial year,
subject to shareholder approval at the 2024 AGM.

Scott Winner, Chief Executive Officer, commented:

"2023 represents another year of revenue growth for the Group and
encouragingly this has been generated from new customer wins on our Edify
digital content distribution platform. New sales activity was weighted to the
second half of the year but we successfully deployed 2 sites in the first half
and commenced a further 4 in the second half of 2023. These multi-year deals
accounted for approximately £0.5m of implementation revenues in 2023 and will
drive our recurring revenue into 2024 and beyond.

Elsewhere in the business, I'm delighted to report the addition of 3 new
customers onto our IP management platform. These deals are for music and media
partners across the globe and add further momentum behind our expansion into
adjacent vertical markets."

 

For further information contact:

 

 Ingenta Plc                              +44 (0) 1865 397 800
 Scott Winner, Chief Executive Officer

 Jon Sheffield, Chief Financial Officer

 Cavendish Capital Markets Limited        +44 (0) 20 7220 0500

Katy Birkin

 Callum Davidson

 

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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