REG - Ingenta PLC - Trading Update

IngentaAnnouncement

31/07/2023 07:00

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RNS Number : 6305H  Ingenta PLC  31 July 2023

31 July 2023

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 2023 has shown continued growth in revenue and
profits compared to the prior period.

The Group expects to report revenue of approximately £5.7m (2022: £5.3m) and
adjusted EBITDA of approximately £1.6m (2022: £1.3m) for the six-month
period to 30 June 2023. Closing cash balances as at 30 June 2023 were £2.6m
(2022: £4.4m). The comparative cash reduction is due to the £2.2m tender
offer completed in November 2022 to repurchase 1,796,484 Ordinary shares.

Reflecting on the Group's normal trading seasonality, the Board remains
confident in the outlook for the year, and that the Company will report
results for the year ended 31 December 2023, comfortably in line with market
expectations.

The Company's interim results are expected to be announced in September 2023.

For further information please contact:

Ingenta plc
                                    Tel:
01865 397 800

Scott Winner / Jon Sheffield

Cenkos Securities
plc
Tel: 0207 397 8900

Katy Birkin / Callum Davidson

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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