Ingenta PLC Trading Update (5377O)
February 10 2021 - 2:00AM
UK Regulatory
TIDMING
RNS Number : 5377O
Ingenta PLC
10 February 2021
10 February 2021
Ingenta plc
("Ingenta" or the "Group")
Trading Update
Ingenta plc (AIM: ING), a leading software and services provider
to the publishing and media industry, provides the following
trading update for the year ended 31 December 2020.
The Group expects to report revenue of approximately GBP10.1m
(2019: GBP10.9m) and adjusted EBITDA of approximately GBP1.2m
(2019: GBP1.3m). Closing year end cash balances were GBP2.3m (2019:
GBP2.6m).
The Board confirms its intention to pay a dividend of at least
1.5 pence per ordinary share for the 2020 financial year, subject
to shareholder approval at the 2021 AGM. Depending on the
regulatory environment, the Group expects to announce its final
results for the year ended 31 December 2020 in May 2021.
Scott Winner, Chief Executive Officer, commented :
"2020 has been a challenging year but I'm pleased with the
resilience the Group has shown across all our products and
services. Although sales activity has been hampered by general
economic uncertainty, Ingenta has managed to confirm several new
deals which will enhance recurring revenue over the coming
years.
As announced in October 2020, within our Edify content platform,
we secured 3 new customers, 2 of which also went live during the
year thanks to our recently streamlined implementation methodology.
The commercial and intellectual property product had another 3
customer go lives during 2020.
Encouragingly, our existing customers have also looked to
strengthen their relationships with Ingenta and we were also
delighted to announce a significant multiyear Vista as a Service
hosting arrangement with a global publishing partner in October
2020. It is anticipated a similar offering will be attractive to
other publishers as they look to concentrate on core activities
rather than manage complex IT infrastructure requirements."
For further information contact:
Ingenta Plc
Scott Winner, Jon Sheffield +44 (0) 1865 397 800
Cenkos Securities plc
Nicholas Wells, Katy Birkin +44 (0) 20 7397 8900
Certain of the information contained within this announcement is
deemed by the Company to constitute inside information as
stipulated under the UK version of the EU Market Abuse Regulation
(2014/596) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended and supplemented from time to
time.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTDGGDDDDGDGBC
(END) Dow Jones Newswires
February 10, 2021 02:00 ET (07:00 GMT)
Ingenta (LSE:ING)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ingenta (LSE:ING)
Historical Stock Chart
From Jul 2023 to Jul 2024