Access Intelligence PLC Trading Update (8920J)
December 10 2018 - 2:00AM
UK Regulatory
TIDMACC
RNS Number : 8920J
Access Intelligence PLC
10 December 2018
Prior to publication, certain information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
10 December 2018
Access Intelligence plc
("Access Intelligence," "the Company" or the "Group")
Trading Update
Strong growth at Access Intelligence, growing market position
and substantive acquisition.
Access Intelligence plc (AIM: ACC), a leading supplier of
Software-as-a-Service (SaaS) solutions for communications and
reputation management, is pleased to announce that after the
busiest year in the Company's history, trading for the year to end
November has been in line with market expectations.
Over the past year, Access Intelligence has firmly established
Vuelio as a market leading brand providing an integrated digital
platform for the communications industry. With the acquisition of
ResponseSource Ltd ("ResponseSource") in November 2018, it has been
able to further enhance its product range and broaden its offering,
to the benefit of its high quality and blue-chip customer base.
This unified offering has been well-received by the market, with
recent contract wins including Porsche, Fiat Chrysler Automobiles,
Médecins Sans Frontières, Help for Heroes, Investec, Philips, Kings
College London, Air France KLM, Emirates Group, DB Cargo and DFDS
Seaways. The Group has a very promising new business pipeline and
Vuelio has continued to consolidate its strong position in the
public sector, with a client base that includes almost half the
UK's local councils and universities and over 85 per cent. of the
UK's police authorities.
For the year to 30 November 2018, the business saw organic
growth in net Annual Contract Value (ACV) of GBP0.6m. With the
addition of GBP3.2 million in ACV through the ResponseSource
acquisition, the Group's total ACV at 30 November 2018 was
approximately GBP12.4 million, compared to GBP8.6 million at 30
November 2017.
The Directors expect that total revenue from continuing
operations for the financial year will be in the order of GBP8.9
million, compared to GBP8.1 million for the prior year. Underlying
revenue, i.e. excluding ResponseSource revenue, is expected to be
in the region of GBP8.7 million, in line with market expectations.
Adjusted EBITDA was in line with market expectations, with Group
cash being slightly ahead of market expectations at 30 November
2018.
Integration of the ResponseSource product and teams is already
underway, with new additions from a combined product-development
function expected in the first quarter of 2019. These enhancements
include new and fully integrated political services and online
newsrooms, in addition to a wide-ranging overhaul of the platform's
design.
Access Intelligence CEO, Joanna Arnold, commented "We are very
proud of what the Vuelio team has achieved during 2018. The
acquisition of ResponseSource represents a key step in our journey
and the early indications are extremely promising. Both teams are
working well together, and it is of great credit to both businesses
that we have achieved a high level of integration in a short
period. In particular, the acquisition has further enhanced our
product-development capabilities at a time when the introduction of
new processes had already accelerated our ability to deliver both
new solutions and improvements to existing services. In short,
there is every reason to be optimistic for the future."
For further information:
Access Intelligence Plc
0843 659 2940
Joanna Arnold (CEO)
Mark Fautley (CFO)
Allenby Capital Limited (Nominated Adviser and Broker) 020 3328
5656
David Worlidge / Nicholas Chambers / Graham Bell
About Access Intelligence:
Access Intelligence is a leader in the provision of corporate
communications and reputation management software. Its flagship
Vuelio offering is a fully integrated communications management
platform that uniquely combines solutions for public relations,
public affairs, stakeholder relations and influencer marketing.
Following the acquisition of ResponseSource, over 3,000 clients now
rely on Access Intelligence for media data, distribution,
monitoring, analysis, reporting and journalist services. It has a
broad client base including everything from blue-chip large
enterprises and communications agencies to public sector bodies and
not-for-profit organisations. Access Intelligence also hosts the
annual and prestigious Vuelio Blog Awards, which take place at the
end of November each year.
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.
END
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