REG - Ingenta PLC - Trading Update

IngentaAnnouncement

26/01/2022 07:05

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RNS Number : 6135Z  Ingenta PLC  26 January 2022

26 January 2022

 

Ingenta plc
("Ingenta" or the "Group")

Trading Update

Ingenta plc (AIM: ING), a leading software and services provider to the
publishing and media industries, is pleased to provide the following trading
update for the year ended 31 December 2021.

The Group expects to report revenue of approximately £10.1m (2020: £10.1m)
and adjusted EBITDA of approximately £1.5m (2020: £1.2m), slightly ahead of
market expectations. Closing year end cash balances were £3.0m (2020: £2.3m)
helped by strong cash collection at the year end. Ingenta has no debt.

In line with the previously stated intention to implement a progressive
dividend policy, the Board intends to pay a final dividend of 2 pence per
ordinary share for the 2021 financial year, subject to shareholder approval at
the 2022 AGM.

The Group expects to announce its final results for the year ended 31 December
2021 in April 2022.

 

Scott Winner, Chief Executive Officer, commented:

"The 2021 headline figures announced today are encouraging, demonstrating the
strong efficiency gains we are driving through the business, producing higher
margins and improved cashflow.

Strategically, we continue to focus on our Intellectual Property management
solutions and web-based content platforms which we anticipate will deliver
revenue growth. In that respect, I'm pleased to report we have signed and
deployed our first music customer onto our conChord product in 2021. This is
an exciting development for the Group and validates that our expertise in IP
management is applicable in verticals outside of the traditional publishing
sector.

Elsewhere, in our web-based digital content distribution business, we
delivered 3 successful go lives on our Edify platform. These implementations
included 2 more prestigious NGO customers and we look to further enhance our
business in this sector."

 

For further information contact:

 

 Ingenta Plc                   +44 (0) 1865 397 800
 Scott Winner, Jon Sheffield
 Cenkos Securities plc         +44 (0) 20 7397 8900

Nicholas Wells, Katy Birkin

 

Certain of the information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK version of
the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended and supplemented from
time to time.

 

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