REG - System1 Group PLC - Trading Update

System1Announcement

09/02/2022 07:00

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RNS Number : 0877B  System1 Group PLC  09 February 2022

 

 

                                    9 February 2022

 

 

System1 Group PLC (AIM: SYS1)

 ("System1", or "the Company", or "the Group")

 

Quarterly Trading Update

 

 

System1, the marketing decision-making platform, intends to issue quarterly
updates for Q1 and Q3 of each year based on unaudited numbers. These updates
are intended to keep investors informed of the Company's performance between
the interim and final trading updates and results announcements. System1 today
issues the following update on trading for the quarter ended December 2021
(Q3).

 

Revenue in Q3 rose 8% on the comparable period last year to £6.5m, and Data
products represented 43% of the quarter's revenue.

 

Year-to-date revenue to the end of Q3 was 17% higher than the prior year at
£18.9m, and

Data revenue represented 39% of the year-to-date total (H1: 36%).

 

Period-end cash, net of borrowings, was £8.1m, compared with £6.5m at
end-March 2021.

 

Profitability was in line with management's expectations and reflected an
increase in expenditure on people and platform as highlighted in the interim
results announcement.

 

 

The Company can be found at www.system1group.com (http://www.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 and 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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