REG - Glantus Holdings PLC - H1 Trading Update

Glantus HoldingsAnnouncement

31/07/2023 07:00

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RNS Number : 6392H  Glantus Holdings PLC  31 July 2023

Glantus Holdings plc

 

(''Glantus'' or the ''Company'' or the "Group")

 

H1 Trading Update

Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and
analytics solutions announces a trading update for the six months ended 30
June 2023.

In the Company's full year results which were released on 30 June 2023, the
Company announced the following:

·       Trading in the new financial year has been ahead of
management's expectations (all figures for 2023 below are unaudited):

o  Jan - Apr 2023 revenues of c.€4.558m, adjusted EBITDA profit of
c.€1.3m

o  Momentum has continued with revenues for May 2023 being ahead of budget at
€1.1m

o  Realignment of cost base in 2022 has delivered much improved adjusted
EBITDA so far in 2023

The Company is pleased confirm that these trends continued for the whole half
year period and trading has remained strong. Given the Company has continued
to trade ahead of budget, the Board expects that the Company will report half
year results ahead of its expectations.

Further detail on trading in the first half will be provided with the Company'
interim results which are expected to be announced in September 2023.

Enquiries:

 Glantus Holdings
 Maurice Healy, CEO                                                                                                                                                                                                                   + 353 86 267 7800

 ir@glantus.com
 (https://url.avanan.click/v2/___mailto:ir@glantus.com___.YXAxZTpzaG9yZWNhcDphOm86NjkwM2IwZGEyMzRkY2IyOGRjMjYxY2RjMmVjYjU2MDg6Njo3YjQ5OjdlMTU5OWY2NGMwYWFlM2VhMGU5M2UzNTIxOGFiYmVjMmVhNmQxMDg4YTMyMTRlZWVhZTQzNWFiMDY3NTc3YzE6cDpU)
 Shore Capital
 Nominated Advisor and Broker                                                                                                                                                                                                         + 44 207 408 4090

 Patrick Castle / Tom Knibbs/ Lucy Bowden
 Yellow Jersey PR
 Charles Goodwin / Annabelle Willis                                                                                                                                                                                                   +44 7747 788 221

About Glantus Holdings plc

Glantus Holdings (AIM: GLAN) Glantus is a global provider of accounts payable
automation and analytics solutions. Glantus' mission is to harness technology
to drive innovation, unlocking efficiencies in AP to maximise working capital
for global enterprise organisations. The award-winning Glantus DataShark
Platform connects all AP systems and suppliers on one agile platform,
eliminating cost and delivering new revenue streams. We work in tandem with
our partners to deliver joint enterprise digital transformation solutions. For
more information see glantus.com
(https://url.avanan.click/v2/___https:/www.glantus.com/___.YXAxZTpzaG9yZWNhcDphOm86NjkwM2IwZGEyMzRkY2IyOGRjMjYxY2RjMmVjYjU2MDg6Njo2Y2U0OmE2NjAwNTA5MDhkYTRhMDMyODJkN2Y5YTY3ZDZmNGJiYzg1NjRmMzU2NzkxNmU1NTcyODU0YzE4OTRmMzcxZjQ6cDpU)
.

Founded in 2014 and headquartered in Dublin, Glantus has offices in the United
States, United Kingdom, Poland and Costa Rica.

 

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