REG - Dianomi PLC - Trading Statement

DianomiAnnouncement

02/02/2023 07:00

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RNS Number : 6536O  Dianomi PLC  02 February 2023

2 February 2023

Dianomi plc

("Dianomi", the "Company" or the "Group")

Trading Update

 

Dianomi, a leading provider of native digital advertising services to premium
clients in the Business, Finance and Lifestyle sectors, confirms that results
for the year to 31 December 2022, were in line with the update made by the
Company on 13 December 2022 with unaudited revenue of £35.8 million and
adjusted EBITDA* of £1.5 million. Unaudited cash as at the 31 December 2022
was £11.6 million (30 June 2022: £10.4 million), demonstrating high levels
of cash conversion.

The Company expects to report full year results for the year to 31 December
2022 around mid-April 2023.

Dianomi has entered 2023 with a strong pipeline of publishers looking to join
or extend and expand their presence on Dianomi's contextual platform. A high
publisher and advertiser retention rate has long been a key business strength,
with publishers and advertisers choosing Dianomi's platform for its ability to
deliver attractive returns combined with high quality content from global
business and lifestyle brands.

However, a recent report from e-Marketer suggested that publishers'
advertising businesses are having a difficult start to the year, though
indications of Q2 budgets are looking more positive. Furthermore, due to the
challenging macro-economic environment, market forecasts for overall digital
ad spending have been reduced to show modest levels of growth for this year.
Whilst Dianomi is confident that the quality of its offering will continue to
attract publishers and advertisers alike, due to the cautious market outlook,
in order to maintain profit margins, the Company is ensuring that its cost
base is appropriate for an unpredictable trading environment.

Rupert Hodson, Chief Executive Officer of Dianomi, said:

"We have an impressive core of existing publishers and advertisers who
continue to trust us and work with us, resulting in a low churn rate. There is
some understandable caution amongst advertisers relating to the general
economic environment, and so we are ensuring that the Company is well-placed
to adapt to uncertain levels of spend whilst continuing to expand and develop
our offering."

* adjusted EBITDA is calculated as profit after tax before deducting net
finance costs, tax, depreciation and share based payment charges

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. It forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

For further information contact:

 Dianomi                                         Tel: +44 (0)207 802 5530

 Rupert Hodson (Chief Executive Officer)

 Charlotte Stranner (Chief Financial Officer)

 Panmure Gordon (NOMAD and Broker)               Tel: +44 (0)207 886 2500

 Emma Earl/ Freddy Crossley, Corporate Finance

 Rupert Dearden, Corporate Broking

 Novella Communications                          Tel: +44 (0)203 151 7008

 Tim Robertson / Safia Colebrook

About Dianomi

Dianomi, established in 2003, is a leading provider of native digital
advertising services to premium clients in the Business, Finance and Lifestyle
sectors. The Group operates from its offices in London, New York and Sydney.
The Group enables premium brands to deliver native advertisements to a
targeted audience on the desktop and mobile websites, mobile and tablet
applications of premium publishers. It provides over 400 advertisers,
including blue chip names such as abrdn, Invesco and Charles Schwab, with
access to an international audience of over 500 million devices per month
through its partnerships with over 300 premium publishers, including blue chip
names such as Reuters, CNN Business, Bloomberg and WSJ. Adverts served are
contextually relevant to the content of the webpages on which they appear and
mirror the style of the page, which enhances reader engagement.
http://www.dianom (http://www.dianom) i.com (http://www.dianomi.com/) .

 

 

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