Dillistone Group PLC Trading Update & Results Date (9696D)
February 04 2015 - 2:00AM
UK Regulatory
TIDMDSG
RNS Number : 9696D
Dillistone Group PLC
04 February 2015
4 February 2015
Dillistone Group Plc
Trading Update & Results Date
The Board of Dillistone Group Plc ("Dillistone" or the "Group"),
the AIM quoted supplier of software for the international
recruitment industry through its Dillistone Systems and Voyager
Software divisions, is pleased to provide a trading update for the
12 months ended 31 December 2014.
At the time of announcing our Interim results in September 2014,
we stated that: "A prudent approach to new product roll-outs, to
ensure a high standard of client care, will see us limit the number
of implementations that we will complete over the next few months
and, as a result, we anticipate that our performance in 2014 will
be similar to that delivered in 2013."
We are delighted to say that our launch of FileFinder Anywhere
has proven to be successful and that our expectations for the full
year (pre acquisition related items) will be similar to that
delivered in 2013.
Since our Interim results announcement in September, we have
enjoyed a number of trading successes across both divisions.
The Dillistone Systems division has seen a notable improvement
in incoming orders since the launch of FileFinder Anywhere in
September 2014. Divisional successes since then include:
-- Total order intake in Q4 of 2014 was more than 20% up on both
Q4 of 2013 and on the average of Q1-Q3 2014.
-- We won more new business contracts in December 2014 than any
single month in the last 2 years.
-- Contract wins included our largest single North American
contract win since 2009 and a number of clients switching from
competing products.
As a result, Dillistone Systems enters 2015 with an
implementation pipeline which is approximately 20% up on the
equivalent date in 2014. This pipeline has been further
supplemented in January 2015 by the award of the largest mainland
European new business contract that the Division has won since
2007.
Our Voyager Software division also enjoyed strong orders in the
final quarter with successes including:
-- For Voyager Software, Q4 was the best single quarter for new business sales since 2007.
-- FCP Internet, acquired in 2013, is likely to report its
highest ever FY revenue resulting from its highest ever user
base.
-- ISV, acquired in October 2014, making a small contribution to the year as expected.
Mike Love, Chairman of Dillistone Group, commented:
"We had a really positive end to 2014 and are confident that the
Group now has a highly competitive range of products across the key
markets it serves. The Group remains profitable and cash generative
and we continue to follow a progressive dividend policy, subject to
the needs of the business."
Dillistone expects to announce its preliminary results for the
year to 31 December 2014 in the week beginning 20 April 2015.
Enquiries:
Dillistone Group
Plc
Mike Love Chairman 020 7749 6100
Jason Starr Chief Executive 020 7749 6100
Julie Pomeroy Finance Director 020 7749 6100
WH Ireland Limited (Nominated
adviser)
Head of Corporate
Chris Fielding Finance 020 7220 1650
Winningtons
Tom Cooper / Paul
Vann 020 3176 4722
0797 122 1972
tom.cooper@winningtons.co.uk
Notes to Editors:
Dillistone Group Plc (www.dillistonegroup.com) is a leader in
the supply and support of software and services to the recruitment
industry. It has four trading businesses operating through two
divisions: Dillistone Systems, which targets the executive search
industry (www.dillistone.com); and Voyager Software, which targets
other recruitment markets (www.voyagersoftware.com).
Dillistone has made three acquisitions: Voyager Software in
September 2011, FCP Internet in July 2013 and ISV Software in
September 2014. The Group operates under the FileFinder, Infinity,
Evolve and ISV brands.
Dillistone was admitted to AIM, a market operated by the London
Stock Exchange plc, in June 2006. The Group employs over 100 people
globally with offices in London (head office) Basingstoke and
Southampton, Frankfurt, New Jersey and Sydney.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAAADEAXSEAF
Dillistone (LSE:DSG)
Historical Stock Chart
From Apr 2024 to May 2024
Dillistone (LSE:DSG)
Historical Stock Chart
From May 2023 to May 2024