REG - 4GLOBAL PLC - AGM Statement

4GlobalAnnouncement

30/09/2024 07:00

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RNS Number : 1209G  4GLOBAL PLC  30 September 2024

 

30 September 2024

 

4GLOBAL plc

("4GLOBAL" or "the Company")

AGM Statement

 

4GLOBAL, a provider of data and technology for sports, fitness and wellness
organisations to optimise operational and investment decisions, is pleased to
provide an update on trading ahead of its Annual General Meeting this morning.

 

The Board confirms trading in the six months to 30 September 2024 ("the
period") has been encouraging, and that the Company is trading in line with
market expectations(1) for the full year. Cash flow is improving as we move
into H2, supported by timely customer payments. As highlighted previously and
consistent with historical trends, the majority of commercial activity is
expected to occur in the second half of the year due to the budget seasonality
in our markets.

 

A more comprehensive trading update covering the period will be published next
month.

 

(1)Market expectations refer to analyst forecasts for FY25 of £7.6m in
revenue, £1.9m in adjusted EBITDA and £1m in cash at year end.

 

Contacts

 

 4GLOBAL                                      via Alma
 Eloy Mazon (CEO)
 Keith Sadler (CFO)

 Stuart Wooller (Group Finance Director)

 Spark Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554
 Neil Baldwin

 Canaccord Genuity (Broker)                   +44 (0)20 7523 8000
 Bobbie Hilliam

 Alma Strategic Communications                +44 (0)20 3405 0205
 Rebecca Sanders-Hewett                       4global@almastrategic.com (mailto:4global@almastrategic.com)
 David Ison
 Louisa El-Ahwal
 Josh Royston

 

About 4GLOBAL

 

4GLOBAL empowers sports, fitness and wellness organisations to make faster,
smarter decisions about their operations, customers and investments through
data and actionable insights.

 

It operates the largest sport participation and facility database in the
world, with more than 4 billion data points.

 

Sourcing data from health & fitness operators, community programmes and
other structured activities through its DataHub while drawing on information
from GPS location updates and wearable devices, 4GLOBAL's unique combination
of data assets provides a holistic view of physical activity patterns.

 

4GLOBAL is at the forefront of predictive modelling and advanced analytics,
with the insights it generates empowering customers to drive efficiencies,
improve customer relationships and make more informed strategic decisions.

 

Its customers span both the public and private sectors, including central and
local governments, cities, sporting bodies, trade associations, health &
fitness operators and sports clubs.

 

Key markets include North America, the Middle East and Europe. Its
headquarters are in London with offices in Miami and Istanbul.

 

4GLOBAL was founded in 2002 and listed on AIM in 2021 under the ticker 4GBL.

 

 

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