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Dotdigital Group PLC - London-based online marketing - Expects revenue for the financial year ended June 30 to increase roughly 8% to GBP62.8 million from GBP58.1 million. Notes that this is in line with the market consensus of GBP62.6 million. Expects adjusted earnings before interest, tax, depreciation and amortization and operating profit to be ahead of expectations. Cites growth across all global regions as one of the reasons for its performance. Intends to pay a final dividend, linked to its Ebitda growth. Says sales momentum from its fourth quarter is continuing into the new financial year.
"The market opportunity remains buoyant, underpinned by the structural move to digital marketing," Chief Executive Milan Patel says.
"We remain cognisant of broader macro-economic uncertainty but enter the new financial year in a position of strength across our markets. Supported by high levels of recurring revenue and strong profitability, we remain focused on executing against each pillar of our growth strategy: Product innovation, geographic expansion, and strategic partnerships. We look forward to the future with confidence."
Current stock price: 99.17 pence, up 29% in London on Tuesday
12-month change: down 60%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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