Glantus Holdings PLC H1 Trading Update (6392H)
July 31 2023 - 2:00AM
UK Regulatory
TIDMGLAN
RNS Number : 6392H
Glantus Holdings PLC
31 July 2023
Glantus Holdings plc
( "Glantus" or the "Company" or the "Group")
H1 Trading Update
Glantus (AIM: GLAN), the provider of Accounts Payable ("AP")
automation and analytics solutions announces a trading update for
the six months ended 30 June 2023.
In the Company's full year results which were released on 30
June 2023, the Company announced the following:
-- Trading in the new financial year has been ahead of
management's expectations (all figures for 2023 below are
unaudited):
o Jan - Apr 2023 revenues of c.EUR4.558m, adjusted EBITDA profit
of c.EUR1.3m
o Momentum has continued with revenues for May 2023 being ahead
of budget at EUR1.1m
o Realignment of cost base in 2022 has delivered much improved
adjusted EBITDA so far in 2023
The Company is pleased confirm that these trends continued for
the whole half year period and trading has remained strong. Given
the Company has continued to trade ahead of budget, the Board
expects that the Company will report half year results ahead of its
expectations.
Further detail on trading in the first half will be provided
with the Company' interim results which are expected to be
announced in September 2023.
Enquiries:
Glantus Holdings
Maurice Healy, CEO
ir@glantus.com + 353 86 267 7800
Shore Capital
Nominated Advisor and Broker
Patrick Castle / Tom Knibbs/ Lucy Bowden + 44 207 408 4090
Yellow Jersey PR
Charles Goodwin / Annabelle Willis +44 7747 788 221
About Glantus Holdings plc
Glantus Holdings (AIM: GLAN) Glantus is a global provider of
accounts payable automation and analytics solutions. Glantus'
mission is to harness technology to drive innovation, unlocking
efficiencies in AP to maximise working capital for global
enterprise organisations. The award-winning Glantus DataShark
Platform connects all AP systems and suppliers on one agile
platform, eliminating cost and delivering new revenue streams. We
work in tandem with our partners to deliver joint enterprise
digital transformation solutions. For more information see
glantus.com .
Founded in 2014 and headquartered in Dublin, Glantus has offices
in the United States, United Kingdom, Poland and Costa Rica.
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END
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