REG - Gateley (Holdings) - FY23 Trading Update

Gateley (Holdings)Announcement

02/06/2023 07:00

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RNS Number : 4066B  Gateley (Holdings) PLC  02 June 2023

2 June 2023

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group")

 

FY23 Trading Update

Growth in-line with market expectations

 

Gateley (AIM: GTLY), the legal and professional services group, is pleased to
announce a trading update for the year ended 30 April 2023 ("FY23"), ahead of
the publication of its audited results in late July 2023.

 

The board is pleased with the Group's performance for FY23, a year of further
revenue growth demonstrating the resilience of the Group's diversified
business model. Revenue for FY23 is expected to be not less than £161m, a
c.17% increase on the prior year (FY22: £137.2m) with underlying adjusted
profit before tax expected to be in line with market expectations. The Group
had net cash (pre IFRS 16 liabilities) of £4.3m at the period end.

 

Rod Waldie, Chief Executive Officer of Gateley, said:

 

"I am pleased with the performance of the Group, in what has been a
challenging year politically and economically. I would like to thank our
ever-expanding client base for their trust and support and our people who
continue to work tirelessly to constantly deliver for our clients.

 

"Whilst the macro challenges facing the economy remain, we look forward to
continuing to grow and diversify the business further, both organically and
via acquisition. We remain committed to our purpose of delivering results that
delight our clients, inspire our people and support our communities, and
deliver strong returns for all of our stakeholders."

 

Enquiries:

 

 Gateley (Holdings) Plc
 Neil Smith, Chief Financial Officer                               Tel: +44 (0) 121 234 0196
 Nick Smith, Acquisitions Director and Head of Investor Relations  Tel: +44 (0) 20 7653 1665
 Cara Zachariou, Head of Corporate Communications                  Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946
 Liberum - Nominated Adviser and Broker

 Richard Lindley/Ben Cryer/Cara Murphy                             Tel: +44 (0) 20 3100 2000

 Belvedere Communications Limited - Financial PR
 Cat Valentine                                                     Mob: +44 (0) 7715 769 078
 Keeley Clarke                                                     Mob: +44 (0) 7967 816 525
 Llew Angus                                                        Mob: +44 (0) 7407 023 147
                                                                   gateleypr@belvederepr.com (mailto:gateleypr@belvederepr.com)

 

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