Ideagen PLC Trading update and Notice of Results (8858W)
November 13 2014 - 2:00AM
UK Regulatory
TIDMIDEA
RNS Number : 8858W
Ideagen PLC
13 November 2014
Ideagen plc
("Ideagen" or the "Company")
Trading update and Notice of Results
Ideagen PLC (AIM: IDEA), a leading supplier of Information
Management software to highly regulated industries, issues the
following update for the six month period to 31 October 2014.
Trading Update
Trading during the six month period continues to be robust with
revenues and adjusted EBITDA* expected to show significant growth
over the same period last year.
Revenues and adjusted EBITDA* have increased considerably due to
the acquisitions of Pentana Ltd and EIBS Ltd combined with
underlying organic growth** of approximately 10%.
Furthermore, the balance sheet remains robust with cash balances
of GBP2.8 million (30 April 2014: GBP4.0 million), following the
acquisition of EIBS Ltd in June plus associated costs.
The Company continues to trade in-line with market expectations
for the full year to 30 April 2015.
Notice of Results
The interim results for the six months ended 31 October 2014
will be announced in the last week of January 2015.
David Hornsby, Chief Executive Officer, commented:
"We are pleased with the Company's progress, which has come
through both acquisitive and organic growth. The momentum both in
the period and since has been strong with, as announced, our
largest single NHS contract to date and post period, being selected
to provide Compliance and Quality Management Systems to NuGen. We
look forward to the full year with confidence."
*earnings before interest, tax, depreciation, amortization,
share based payments and acquisition costs.
** organic revenue growth on a pro-forma basis
Enquiries:
Ideagen Plc Tel: 01629 699100
David Hornsby, Chief Executive
Graeme Spenceley, Finance Director
finnCap (Nominated Adviser and Broker) Tel: 020 7220 0500
Charlotte Stranner (Corporate Finance)
Victoria Bates/Stephen Norcross
(Corporate Broking)
Redleaf ideagen@redleafpr.com
Rebecca Sanders-Hewett/ Dwight Burden/ Tel: 020 7382 4730
Rachael Brown
Notes to Editors:
-- Ideagen is an Information Management software company
specialising in:
-- Governance, Risk and Compliance ('GRC')
-- Clinical content solutions
-- The Group has established a global business supplying GRC
solutions predominantly to the Healthcare, Complex Manufacturing,
Banking and Finance and Energy Sectors.
-- Its Clinical content division has leveraged the Group's core
technology and built a UK business supplying content and clinical
management solutions to NHS Trusts and Private Healthcare
providers.
-- Ideagen's global blue chip client base includes Siemens,
Shell, BAE Systems and a range of NHS Trusts.
-- The Group listed on AIM in 2012 under the ticker IDEA.
-- For more information, please visit
http://www.ideagenplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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