IDOX PLC AGM Trading Update (8923E)
March 16 2022 - 3:00AM
UK Regulatory
TIDMIDOX
RNS Number : 8923E
IDOX PLC
16 March 2022
16 March 2022
Idox plc
("Idox" or "the Group")
AGM Trading update
Continued resilient performance
Idox plc (AIM: IDOX), a leading supplier of specialist
information management software and solutions to the public and
asset-intensive sectors, is pleased to issue a trading update ahead
of today's Annual General Meeting (AGM) for the period 1 November
2021 to date.
Highlights for the period include:
-- Continued resilient operational and financial performance, in
line with the Board's expectations.
-- Order book visibility remains strong, underpinning our confidence.
-- The Group secured new contract wins and extensions in the
period across both our Public Sector Software and Engineering
Information Management businesses.
-- Acquisitions completed in 2021 are integrating well and to
plan; good line of sight over an attractive M&A pipeline.
-- Further to the announcement dated 21 February 2022, Anoop
Kang joins the Board and assumes the position of Chief Financial
Officer of Idox following the conclusion of today's AGM. He is
succeeding Rob Grubb who is taking up a newly created role focussed
on advancing the Group's inorganic growth strategy.
A further trading update will be issued following the half year
ending 30 April 2022.
David Meaden, Chief Executive Officer, said:
"The business is performing in line with our expectations for
the half year and integration of the three businesses acquired in
2021 is on track. Whilst we are cognisant of the current
geo-political uncertainties, and the challenges of recruiting
talent across the industry, we are well positioned to accelerate
the 'fly' phase of our journey. The Group is making good progress
against its plans for 2022 and anticipates delivering further
growth over the medium term."
For further information please contact:
Idox plc +44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman investorrelations@idoxgroup.com
David Meaden, Chief Executive
Officer
Anoop Kang, Chief Financial
Officer
Peel Hunt LLP (NOMAD and Broker)
Edward Knight
Paul Gillam
James Smith +44 (0) 20 7418 8900
MHP Communications + 44 (0) 203 128 8170
Reg Hoare idox@mhpc.com
James Bavister
Harry Clarke
About Idox plc
For more information see Idox | Software Built on Insight
(idoxgroup.com) .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTBCGDXBBBDGDU
(END) Dow Jones Newswires
March 16, 2022 03:00 ET (07:00 GMT)
Idox (LSE:IDOX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Idox (LSE:IDOX)
Historical Stock Chart
From Jul 2023 to Jul 2024