REG - System1 Group PLC - Trading Update for the Annual General Meeting

System1Announcement

13/08/2021 07:05

RNS Number : 5007I
  
System1 Group PLC
  
13 August 2021
  
 

13 August 2021
 
SYSTEM1 GROUP PLC (AIM: SYS1)
("System1", or "the Company", or "the Group")
 
 
Trading Update for the Annual General Meeting
 
System1 Group, the Advertising Effectiveness Agency, is today providing a Trading Update to coincide with the Company's AGM.
Total revenue in the quarter ended 30 June was £6.5m, broadly in line with the previous quarter and 38% higher than the equivalent Covid-affected period last year. Data products represented 28% of revenue in Q1, compared with 15% in Q4.
Cash balances grew to £10.1 m in the quarter, and profitability was in line with the Company's expectations.
 
OUTLOOK
We expect double-digit year-on-year sales growth in H1 overall, despite a quiet start to the second quarter in the USA. The proportion of revenue from our data products continues to rise and will likely represent a third of the Company's revenues in H1.
 
The Company can be found at https://system1group.com/
 
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain. 
 
For further information, please contact:
 



System1 Group PLC


Tel: +44 (0)20 7043 1000








John Kearon, Founder & Executive President
Stefan Barden, Chief Executive Officer












Chris Willford, Chief Financial Officer
 












Canaccord Genuity Limited


Tel: +44 (0)20 7523 8000




Simon Bridges / Andrew Potts







 

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