SimplyBiz Group PLC (The) Capital Markets Briefing and Trading Update (9925H)
December 09 2020 - 2:00AM
UK Regulatory
TIDMSBIZ
RNS Number : 9925H
SimplyBiz Group PLC (The)
09 December 2020
9 December 2020
The SimplyBiz Group plc
("SimplyBiz" or the "Group")
Capital Markets Briefing and Trading Update
SimplyBiz (AIM:SBIZ), a leading independent provider of
compliance, technology and business services to financial advisers
and financial institutions in the UK, will be hosting a virtual
Capital Markets Briefing at 14:00 GMT today.
The briefing will demonstrate how SimplyBiz's digital
transformation strategy is being implemented, and management's
ambitions for the business. It will also include a trading update
for 2020.
The briefing will indicate that SimplyBiz is looking to deliver
organic growth from its core business over the next two to three
years in the following ranges:
-- Revenue growth - between 5% - 7% per annum
-- EBITDA margin - between 35% - 40%
-- Cash flow conversion* - between 70% - 80%
-- SaaS and subscription revenues - between 70% - 80% of revenues
The Group will also provide the following trading update for
2020:
-- The Board reaffirms, and is confident, that its adjusted EPS will be no less than 11.0p**
-- The Board is confident that Defaqto*** will deliver double-digit EBITDA growth in 2020
-- The Board announces its intention to propose a final dividend for FY20 of 2.0p per share
*Free cash flow conversion is calculated as adjusted EBITDA,
less working capital movements, lease payments, CAPEX, development
expenditure, corporation tax paid and interest, as a percentage of
Adjusted EBITDA.
** As stated on 23rd July 2020
***Acquired 20th March 2019
Matt Timmins, Joint CEO of The SimplyBiz Group plc, commented
:
"As we complete a year of digital acceleration we are pleased to
be providing the capital markets with an update on the significant
strategic progress we are making at SimplyBiz, as well as a trading
update as we approach our financial year-end. We have an exciting
strategy for growth built on firm strategic foundations, and our
strong finish to 2020 sets us up well for the year ahead."
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
For further information please contact:
SimplyBiz via Instinctif Partners
Matt Timmins (Joint Chief Executive
Officer)
Neil Stevens (Joint Chief Executive
Officer)
Gareth Hague (Group Finance Director)
Zeus Capital (Nominated Adviser
and Joint Broker) +44 (0) 20 3829 5000
Martin Green
Dan Bate
Liberum (Joint Broker) +44 (0) 20 3100 2222
Cameron Duncan
James Greenwood
Ed Phillips
Instinctif Partners +44 (0) 78 3767 4600
simplybiz@instinctif.com
Catherine Wickman
Lewis Hill
Capital Markets Presentation
SimplyBiz Capital Markets Briefing is being held at 14:00 GMT on
09 December 2020 via an online video conference facility. To
register your attendance please contact
simplybiz@instinctif.com
Notes to Editors
The SimplyBiz Group provides essential support services,
software and data that enable professional financial advisers,
financial intermediaries and product providers to deliver better
outcomes for their customers. The SimplyBiz Group supports 3,700
intermediary firms with regulatory and business support in addition
to 1,900 customer firms of its fintech platform, while providing
essential distribution support to over 400 financial institutions.
The Company's understanding of the changing regulatory landscape
and deep insights into the needs of customers, advisers and product
providers enables it to add unique value to the retail financial
services sector. For more information, please visit:
www.simplybizgroup.co.uk/
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END
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