UK's Dillistone H1 revenue falls on discontinued products
UK's Dillistone H1 revenue falls on discontinued products
Overview
UK recruitment software supplier's H1 revenue fell 15% yr/yr as discontinued products weighed on results
Company posted adjusted operating loss versus profit a year earlier
Company completed £1.5m equity raise to fund strategic shift and reduce debt
Outlook
Company expects H2 2026 results to be considerably stronger than H1
FileFinder migration expected to complete in January 2027, with cost savings from 2027
Company targets minimum operating margin of 25% after restructuring and migration
Result Drivers
DISCONTINUED PRODUCTS - Co said revenue decline was mainly due to withdrawal of VDQ and FileFinder products
CLIENT DOWNSIZING - Co said client downsizing in tough recruitment market reduced SaaS subscription revenue
COST OPTIMISATION - Co said withdrawal of FileFinder and cost optimisation programme expected to reduce cost base
Company press release: ID:nRSd0303Xa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 1.85 mln |
|
H1 Gross Profit |
| GBP 1.64 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)