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TRADING UPDATES: RBG ousts CEO over "cultural concerns" and strategy

Tue, 31st Jan 2023 14:51

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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TPXimpact Holdings PLC - London-based IT consulting firm - Says revenue in financial third quarter ended December 31 falls by 3.9% to GBP19.0 million from GBP19.8 million a year before. Gross profit drops by 15% to GBP5.2 million from GBP6.1 million. Looking ahead, TPXimpact now expects revenue in the year ending March 31 to be about GBP80 million. Adjusted earnings before interest, tax, depreciation and amortisation margin is expected to be in a range of 2% to 3%. In financial year 2022, TPXimpact reported revenue of GBP78.7 million. "We have faced some challenges in recruiting the right mix of resource and skill sets on a timely basis to support our new business wins, and this has led to pressure on margins. Combined with client-driven challenges in some parts of the business, these factors have led to a reduction in our revenue and margin expectations for the remainder of the financial year," Chief Executive Bjorn Conway explains.

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RBG Holdings PLC - London-based professional services - Terminates employment contract of Chief Executive Officer Nicola Foulston with immediate effect. Says it has lost confidence in Foulston due to "cultural concerns and the execution of the group's strategy". Names Chief Operating Officer Jon Divers as acting CEO. For 2022, RBG expects to deliver revenue and adjusted operating profit to be in line with market consensus.

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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Posts revenue of GBP6.8 million for the six months that ended October 31, up 44% from GBP4.9 million the year before. Pretax loss, however, widens to GBP5.7 million from GBP3.1 million, as administrative expenses rise to GBP7.6 million from GBP6.1 million the year before. Adjusted loss before interest, tax, depreciation and amortisation amounts to GBP2.8 million, widened from a loss of GBP600,000 the year before, primarily reflecting "FX impact and inflation related costs," Kromek explains. Looking ahead, says it is on track for record revenue for financial 2023, expecting to report over 45% year-on-year growth. Also expects to be Ebitda positive for the second half of financial 2023.

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Instem PLC - Staffordshire, England-based life science software - Expects to report organic and inorganic revenue for 2022 in the region of GBP59 million, up 28% from GBP46 million a year ago. Adds that higher-margin software-as-a-service revenue and significant contract wins have resulted in full-year profit materially in line with market expectations. Market consensus for adjusted pretax profit stands at GBP7.9 million.

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Autins Group PLC - Rugby, England-based supplier of acoustic and thermal management technology for the automotive industry - For financial 2022 ended on September 30, revenue decreased by 20% to GBP18.9 million from GBP23.4 million the year before. "The revenue reduction reflected ongoing supply chain issues in the automotive industry primarily related to global semiconductor shortages," Autins says. Pretax loss widens to GBP3.6 million from GBP1.2 million, as gross profit declines by 33% to GBP4.2 million from GBP6.3 million the year before. Declares no dividend for financial 2022. Looking ahead, warns of "difficult" trading conditions, but says it has made a small Ebitda profit of GBP100,000 so far in financial 2023.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
9 Jan 2023 13:16

Kromek secures repeat US government order for radiation detector

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has secured a repeat order worth $0.8m from a US government customer, it announced on Monday, for its 'D3S ID' wearable nuclear radiation detector.

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9 Jan 2023 12:38

Kromek inks USD800,000 repeat order with US government customer

(Alliance News) - Kromek Group PLC on Monday said it has secured a repeat order from an unnamed US government customer that is worth USD800,000.

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19 Dec 2022 22:01

TRADING UPDATES: GCM resources loss narrows; Kromek extends deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Dec 2022 12:44

Kromek inks expanded deal with Smiths Detection

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has entered into a distribution agreement with threat detection and security screening provider Smiths Detection, it announced on Monday.

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12 Dec 2022 21:54

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Nov 2022 14:46

TRADING UPDATES: Castings sees interim sales rise; Kromek wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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16 Nov 2022 14:01

Kromek secures £5m UK threat detection system contract

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has secured a contract with a UK government department, it announced on Wednesday, to develop and supply biological threat detection systems.

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17 Oct 2022 14:10

Kromek hails integration of detectors in digital CT scanner

(Alliance News) - Kromek Group PLC on Monday said its digital detectors have been used in the world's first digital SPECT/CT scanner for higher energy imaging.

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21 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Thursday 22 September 
Begbies Traynor Group PLCAGM
Ecofin Global Utilities & Infrastructure Trust PLCGM pre-emption rights
IG Design Group PLCAGM
Liontrust Asset Management PLCAGM
Oberon Investments Group PLCAGM
Odyssean Investment Trust PLCAGM
Rockwood Strategic PLCGM trading on the Premium Segment
Trakm8 Holdings PLCAGM
Worsley Investors LtdAGM
Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Aug 2022 12:03

Kromek Group raises GBP1.1 million in convertible loan notes

(Alliance News) - Kromek Group PLC on Tuesday announced it has raised further funds via convertible loan notes.

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5 Aug 2022 11:58

Kromek shares jump following GBP1.7 million fundraise

(Alliance News) - Kromek Group PLC on Friday said it has raised GBP1.7 million through an issue of convertible loan notes to existing and new investors.

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5 Aug 2022 10:47

AIM WINNERS & LOSERS: Amte wins Cosworth deal; Kromek raises funds

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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2 Aug 2022 12:13

EARNINGS UPDATES: RIT Capital outperforms index; Smithson NAV drops

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Jul 2022 12:40

Kromek signs distribution contract with Smiths for radiation detectors

(Alliance News) - Kromek Group PLC on Thursday said it has entered into an agreement with Smiths Detection Inc to distribute its radiation detection equipment to North and South American markets.

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25 May 2022 22:02

TRADING UPDATES: Tekcapital fundraise; Kromek wins US government order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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