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dotDigital Group PLC - London-based marketing automation and customer engagement software provider - Reports pretax profit for the six months ended December 31 of GBP7.1 million, up from GBP6.5 million in 2019 due to strong growth in sales from new and existing customers. Revenue from contracts with customers in the period up by 22% to GBP28.2 million from GBP23.2 million in 2019, while average revenue per customer is up by 20% to GBP1,196 per month from GBP999. Says this is driven by an increase in new and existing client spend, alongside customers adopting a wider array of channels.
Looking ahead, dotDigital says it is "confident" in a "successful" outcome for financial 2021, with revenue, adjusted Ebidta, and adjusted pretax profit from continuing operations all expected to be in line with the recently upgraded market expectations. Ebita is earnings before interest, tax, depreciation and amortisation.
"This was another half of successful delivery against our strategy, delivering double-digit organic growth against a backdrop characterised by the disruption and uncertainty caused by Covid. Having invested heavily in our global infrastructure with proven go-to-market strategies in each of our territories, we are well-positioned to continue to grow our international presence both in the second half and in the coming years. While there are positive signs of a recovery from the pandemic in many of our markets, the macroeconomic environment will be challenging for some time, and we recognise the need for continued vigilance in our approach," says Chief Executive Milan Patel.
Current stock price: 174.00 pence
Year-to-date change: up 8.8%
By Zoe Wickens; zoewickens@alliancenews.com
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