REG - essensys PLC - AGM Trading Update

essensysAnnouncement

01/12/2022 07:00

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RNS Number : 1695I  essensys PLC  01 December 2022

1 December 2022

 

essensys plc

 

("essensys" or the "Group")

 

AGM Trading Update

 

 

essensys plc (AIM:ESYS), the leading global provider of flexible workspace
technology, is pleased to provide a trading update ahead of its Annual General
Meeting ("AGM") taking place at 9.30am today.

 

essensys has continued to make solid progress against its strategy in the
first quarter of the new financial year, delivering total revenue growth of
22% compared to the same period in the prior year.

 

Contracted new business continues to grow in line with management expectations
and the Group continues to expand with its existing strategic customers.
Significant progress has been made in APAC with the recent signing of
significant multi-site landlords in both Singapore and Australia. Notable
near-term pipeline activity includes a new multi-site flex customer in the US
and a substantial opportunity with an existing customer in France.

 

Based on performance to date, the Board remains confident that the Group's
performance for the full year will be in line with market expectations.

 

 

For further information, please contact:

 

 essensys plc                                                         +44 (0)20 3102 5252
 Mark Furness, Chief Executive Officer
 Sarah Harvey, Chief Financial Officer
 Alan Pepper, Chief Operating Officer

 Singer Capital Markets                                               +44 (0)20 7496 3000

 (Nominated Adviser and Broker)
 Peter Steel / Harry Gooden / George Tzimas

 FTI Consulting
 Jamie Ricketts / Eve Kirmatzis / Talia Shirion / Victoria Caton      +44 (0)20 3727 1000

 

About essensys plc

 

essensys is the leading global provider of software and technology for
flexible, digitally-enabled buildings, spaces and portfolios. As the
intelligent digital backbone, essensys provides a powerful platform that
simplifies the delivery and management of next generation, flexible commercial
real estate.

 

The real estate industry is transforming - it must be flexible to changing
market demands, to accommodate hybrid working styles, agile, move-in ready
spaces and the delivery of on-demand digital services.  The office sector is
becoming an increasingly digital-first landscape - driven by end-user demand,
delivering digitally enabled spaces is key to success. The essensys Platform
has been designed and developed to help solve the complex operational
challenges faced by landlords and flexible workspace operators as they grow
and scale their operations. It helps our customers to deliver a simple, secure
and scalable proposition, responding to changing occupier demands, providing
seamless occupier experiences, and realising smart building and ESG
ambitions.

 

Founded in 2006 and listed on the AIM market of the London Stock Exchange
since 2019, essensys is active in the UK, Europe, North America and APAC.

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