REG - Ingenta PLC - Trading Update

IngentaAnnouncement

01/08/2022 07:00

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RNS Number : 3450U  Ingenta PLC  01 August 2022

1 August 2022

Ingenta plc

(the "Company")

Trading Update

Ingenta plc (AIM: ING), a leading provider of software and services to the
global publishing industry,  is pleased to confirm that trading in the
six-month period to 30 June 2022 has shown a return to revenue growth. As a
result of the difficult decisions taken by management over the last few years
in reducing the Group's cost base, and the hard work of our employees, the
benefits of this growth have produced a substantial increase in margins and
resultant profitability. Performance in the first half has been driven by a
continued expansion of the Group's Managed Services offering.

The Group expects to report revenue of approximately £5.3m (2021: £5.1m) and
adjusted EBITDA of approximately £1.25m (2021: £0.75m) for the six month
period to 30 June 2022. Closing cash balances as at 30 June 2022 were £4.4m
(2021: £3.1m) helped by strong cash collection.

The Board is confident that the outlook for the year remains positive and that
the Company will report results for the year ended 31 December 2022,
comfortably in line with market expectations.

The Company's interim results are expected to be announced in September 2022.

For further information please contact:

Ingenta plc
                                    Tel:
01865 397 800

Scott Winner / Jon Sheffield

Cenkos Securities plc
 Tel: 0207 397 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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