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dotdigital Group PLC - London-based online marketing - Posts revenue of GBP33.8 million for the six months ended December 31, up 9.4% from GBP30.9 million, driven primarily by "net revenue expansion but also growth in SMS volumes". Pretax profit is GBP7.4 million, down 14% from GBP8.6 million, as administrative expenses rise to GBP19.2 million from GBP16.5 million a year before. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP11.1 million, down slightly from GBP12.2 million a year before. Looking ahead, says encouraged by progress achieved in the period.
Chief Executive Officer Milan Patel says: "We are pleased to report another period of profitable growth and execution in line with our strategy, as we begin to realise the benefits of our strengthened operations functions following investment in the prior period. We enter the second half of the year with a stronger pipeline of opportunities, supported by a profitable, cash generative business model and increasing recurring revenues. Whilst we remain mindful of macroeconomic uncertainty, the strength of our value proposition, expertise across sectors and expanding addressable market give us confidence in meeting market expectations."
Current stock price: 94.05 pence, down 3.0% on Tuesday around midday in London
12-month change: up 62%
By Xindi Wei, Alliance News reporter
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