25th Apr 2024 7:00 am RNS Final Results & Investor Presentation25 Apr 2024 13:03
25th Apr 2024 7:00 am RNS Final Results & Investor Presentation
"Dillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce its audited final results for the 12 months ended 31 December 2023 ("FY2023").
Highlights:
• Adjusted operating profit increased by 241% to £0.220m, first adjusted operating profit since 2018.
• EBITDA increased 38% to £1.314m (FY2022: £0.949m)
• EDITDA margin increased to 23.5% (FY2022: 16.7%)
• Loss before tax improved 77% to £0.104m (FY2022: £0.453m)
• Recurring revenues represented 89% (FY2022: 89%) of Group revenue, equating to 100% of administration expenses (excluding depreciation and amortisation).
• Revenue decreased by 2% to £5.595m (FY2022: £5.699m) reflecting challenging market conditions.
• EPS returned to breakeven position at 0.01p (FY2022: (0.93p)).
• Net cash from operating activities £1.063m (FY2022: £1.189m).
• CBIL debt reduced by £0.300m.
• Net debt increased to £1.169m (FY2022: £1.017m)
Commenting on the results and prospects, Giles Fearnley, Non-Executive Chairman, said:
"I am pleased to report the Group has returned to operating profitability in FY2023 for the first time since 2018.
"In a challenging market, the Group has delivered profit performance in line with expectations, paid down debt and continued to invest for the future.
"We have made a solid start to the year, with all products performing broadly in line with expectations in the first quarter. The Board is confident of making further progress in 2024."
Investor Presentation: 3pm on Tuesday 30 April 2024
Jason Starr, Chief Executive, and Ian Mackin, Finance Director, will hold an investor presentation to review the results and prospects at 3pm on Tuesday 30 April 2024.
The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet Dillistone Group Plc via the following link https://www.investormeetcompany.com/dillistone-group-plc/register-investor. For those investors who have already registered and added to meet the Company, they will automatically be invited.
Questions can be submitted pre-event to dillistone@walbrookpr.com or in real time during the presentation via the "Ask a Question" function.
Annual Report and Accounts - The final results announcement can be downloaded from the Company's website (www.dillistonegroup.com). Copies of the Annual Report and Accounts (in addition to the notice of the Annual General Meeting) will be sent to shareholders by 18 May 2024 for approval at the Annual General Meeting to be held on 12 June 2024."
https://www.lse.co.uk/rns/DSG/final-results-investor-presentation-36k0mgw9ld1vmh4.html