REG - Dillistone Group PLC - Trading Update & Notice of Results

DillistoneAnnouncement

05/02/2025 07:00

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RNS Number : 9007V  Dillistone Group PLC  05 February 2025

05 February 2025

Dillistone Group Plc

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

Trading Update & Notice of Results

 

Dillistone Group Plc, the AIM quoted supplier of software and services for
recruiters, provides a trading update for the 12 months ended 31 December
2024.

 

Trading Update:

 

The Board is pleased to report that it expects its 2024 results to show
continuing progress for the Group, with profit measures comfortably in line
with expectations, and a significant improvement in operating results against
the prior year.

 

These unaudited results have been delivered despite a challenging climate for
our recruitment clients which has directly impacted the size and scale of our
client base. Despite this ongoing environment, the Board is pleased to report
a notable improvement in a number of internal performance indicators in Q4.

 

This improvement was led by our Talentis executive search software product
(https://www.talentis.global/recruitment-software/), which saw a significant
increase in demand in the final weeks of the year. Going into 2025, we have
received migration contracts from executive search firms in the Americas,
Europe, Africa and Asia Pacific. These migrations will see clients port to
Talentis from a number of other products, including both competitor and our
own FileFinder systems. These add to an already global userbase for the
platform.

 

On the contingency front, we are pleased to announce that our new Mid Office
Timesheet Platform (https://www.voyagersoftware.com/online-timesheets/
(https://www.voyagersoftware.com/online-timesheets/) ) entered Beta on 3
February 2025. This follows the successful launch of our Infinity onboarding
portal launched in December 2024, and which has already generated its first
revenue.

 

In addition, we are pleased to report that our new AI driven Interview
Simulation platform
(https://www.talentis.global/interview-coaching-simulation/), having been
launched in November 2024, has also generated revenue.

 

During 2024, the Group was again operationally cash generative and continued
to paydown its Covid era CBIL loan in line with schedule.

 

Trading in January 2025 has been in line with management expectations.

 

Notice of Results:

 

The Board expects to release final results for the 12 months to 31 December
2024 by early May.

 

 

 

 

Enquiries:

 Dillistone Group Plc
 Giles Fearnley                  Chairman                            01256 297 000
 Jason Starr                     Chief Executive Officer
 Ian Mackin                      Finance Director

 Zeus (Nominated adviser)
 Mike Coe                        Director, Investment Banking         020 3829 5000

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").  Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Ian Mackin, Finance Director of the Company.

 

Notes to Editors:

 

Dillistone Group Plc is a leader in the supply and support of software and
services to the recruitment industry. Dillistone operates through the Ikiru
People (www.IkiruPeople.com (https://www.ikirupeople.com/) ) brand.

 

The Group develops, markets and supports the Talentis, FileFinder, Infinity,
Mid-Office, ISV and GatedTalent products.

 

Dillistone was admitted to AIM, a market operated by the London Stock Exchange
plc, in June 2006.

 

Learn about our products:

Talentis Software:
https://www.talentis.global/recruitment-software/
(https://www.talentis.global/recruitment-software/)

Voyager Software:
https://www.voyagersoftware.com (https://www.voyagersoftware.com)

GatedTalent Executive Jobs:
https://www.talentis.global/all-jobs (https://www.talentis.global/all-jobs)

 

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