Dillistone Group PLC AGM Trading Update (4669Q)
June 18 2015 - 2:00AM
UK Regulatory
TIDMDSG
RNS Number : 4669Q
Dillistone Group PLC
18 June 2015
18 June 2015
Dillistone Group Plc
("Dillistone" or the "Group")
AGM Trading Update
At the Annual General Meeting of Dillistone Group Plc, the AIM
quoted supplier of software to the recruitment industry, being held
at 10:30 am today, Mike Love, Chairman of Dillistone, will make the
following trading statement:
"In our Preliminary announcement in April I noted a strong start
in the first quarter with Group revenues ahead of the comparative
period in 2014. Additionally I referenced our ongoing investment in
building the business to support future growth. As a result we
anticipate a satisfactory year with revenues and EBITDA for the
first six months of this year ahead of the equivalent period in
2014, but with profit down over the same period as a result of
higher depreciation charges.
"Both divisions can report considerable progress.
"Dillistone Systems has seen further contract wins for our
FileFinder Anywhere suite, launched in September 2014. At the time
of our Preliminary results we noted a number of successes,
including particularly notable wins in Europe and North America.
Since that announcement on 27 April 2015, we have enjoyed further
successes, including our largest contract win in South America
since 2006 and the return of a large former client. The Division
has also announced "Preferred Provider Agreements" with two major
global executive search groups and is also pleased to note a
significant improvement in client retention rates since the launch
of the new suite.
"Our Voyager Software division is today announcing a number of
important product updates. These include:
-- Following a successful beta program, the Division's
"Infinity" platform is now available for hosted delivery. We are
also pleased to announce the addition of functionality to allow the
product to be used by clients in the temporary staffing sector. We
believe that these additions will have a positive impact on demand
for the product; and
-- This release also includes integration with the ISV FastPath
product (acquired by the Group in October 2014). We believe that
this development will facilitate cross selling within the
Division.
"The Group remains confident of making further progress in the
full year."
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
Walbrook PR
Tom Cooper / Paul
Vann 0117 985 8989
0797 122 1972
tom.cooper@walbrookpr.com
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
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