REG - Arcontech Group PLC - Trading Update and Notice of Results

ArcontechAnnouncement

24/07/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230724:nRSX8823Ga&default-theme=true

RNS Number : 8823G  Arcontech Group PLC  24 July 2023

ARCONTECH GROUP PLC

("Arcontech" or the "Company")

Trading Update & Notice of Results

 

Arcontech (AIM: ARC), the provider of products and services for real-time
financial market data processing and trading, announces that for the year
ended 30 June 2023 turnover is expected to be in line with market expectations
and adjusted EBITDA and adjusted profit before tax is expected to be ahead of
market expectations by approx. 31% and 49% respectively through a combination
of lower than anticipated staff related costs arising from lower variable
costs and delayed hires. These are expected to be once off savings in the year
to 30 June 2023. Expectations for the current financial year therefore remain
unchanged.

Financial expectations noted above are preliminary and subject to year-end
financial close and audit review processes.

Notice of Results

The Company's results for the 12 months ended 30 June 2023 are expected to be
announced in early September 2023 and the Board look forward to updating
shareholders with further details at that time.

Enquiries:

 Arcontech Group plc                               020 7256 2300
 Geoff Wicks, Chairman and Non-Executive Director
 Matthew Jeffs, Chief Executive

 finnCap Ltd (Nomad & Broker)                      020 7220 0500
 Carl Holmes/George Dollemore

 Harriet Ward (ECM)

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

About Arcontech

Arcontech Group Plc (LSE: ARC) is the leading independent provider of
financial market-data infrastructure and display solutions. With multi-source
data collection, value added processing, publishing, distribution and display,
Arcontech provides a highly performant, cost effective and flexible
alternative to traditional market data infrastructure or building it in-house.

Solutions can be "off-the-shelf", customised or completely new developments;
Cloud, On-prem or Hybrid. Our deep domain knowledge and automated test suite
ensure the right solution at the right time at the right price.

We are also Bloomberg, Refinitiv and Symphony development partners underlining
our independence and ability to deliver viable, value added, vendor agnostic
solutions to meet financial institutions real-time market data workflow needs.

Our clients include Global Tier 1 and Tier 2 financial market participants
along with key market regulators.

For more information about us and what we can do for you, please
visit: www.Arcontech.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTLXLLLXDLXBBZ