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Pin to quick picksKrm22 Plc Share News (KRM)

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TRADING UPDATES: Safestyle trading "strong"; Medica wins new clients

Thu, 22nd Jul 2021 18:08

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

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Safestyle UK PLC - Bradford, England-based PVCu double-glazed windows provider - Trades strongly through the first half of 2021 and continues to make good progress on its strategic agenda. Safestyle UK expects to report revenues of GBP72.9 million for the six months to July 4, an increase of 13% over the first half of 2019 and 73% over 2020. "Despite these current uncertainties, in light of our positive first-half revenue growth, margin improvement and current order book, the board expects 2021's full year financial performance to be ahead of current market expectations," says Chief Executive Mike Gallacher.

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Medica Group PLC - Hastings, England-based teleradiology services provider - Reports a positive first half of 2021, with the UK and Ireland performing strongly against a backdrop of a sustained recovery in activity in diagnostic services. "The recovery of elective scanning activity in health services is now well underway. Medica is seeing a sustained recovery in Elective scanning volumes as a result, as well as a sustained strong performance of our NightHawk business in the UK due to continued growth from existing customers, good progress with new client wins, and providing expanded services to existing clients," says CEO Stuart Quin.

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Hansard Global PLC - Isle of Man-based long-term savings provider - Says present value of new business premiums for the financial year ended June 30 was GBP173.0 million, up 8.3% from GBP159.8 million the year prior. Hansard notes that new business has continued to recover from the most severe Covid-19 restrictions in place last year as pent-up cash savings is being invested. Assets under administration continue to grow strongly and totalled GBP1.2 billion at June 30, up 14% year-on-year.

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Hargreaves Services PLC - engineering services company - Says its German joint venture, Hargreaves Raw Materials Services GmbH, reports a profit after tax of GBP13.6 million, much stronger than expected. Additionally, HRMS has secured a number of forward trading positions, which give great confidence that HRMS can continue to benefit from the very strong commodity market conditions throughout the first six months of the year ending May 2022. As a result, Hargreaves Services now expects its results for the year ending May 2022 to be materially ahead of market expectations.

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KRM22 PLC - risk management company - Further strengthens the quality of its annual recurring revenue in the six months to June 30, including the signing of GBP300,000 of new business. The company expects to post total revenue of GBP2.2 million versus GBP2.3 million reported for the first half of 2020. The reduction in total revenue reflects the churn experienced in 2020 however, adjusted loss before interest, taxes, depreciation and amortisation is broadly in line with last year despite the slightly lower revenue.

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Strix Group PLC - Isle of Man kettle safety controls supplier - Reports positive trends and momentum in the first half of 2021 and will deliver revenue growth of 50%, compared to the Covid-affected prior year, and remains confident that it will deliver revenue growth of 30% in 2021. The new manufacturing operations in China continue to make excellent progress and remain on target and budget to be fully operational by August as originally scheduled.

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Volution Group PLC - Crawley, England-based ventilation products supplier - Expects revenue for the financial year ending July 31 to be above GBP270 million, up over 20% on a constant currency basis. Revenue is up 15% year-on-two-years. UK revenue is expected to grow by over 20% compared to the prior year. Residential refurbishment has performed particularly strongly in the year, with upselling of low carbon and silent solutions increasing their share of this category. Revenue in Continental Europe is also expected to close the year over 20% ahead of prior year on a constant currency basis. Overall, Australasian revenues are expected to deliver excellent organic growth of 35% on a constant currency basis.

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dotDigital Group PLC - London-based marketing software company - Says revenue from operations in the financial year to June 30 grew by 23% to GBP58.1 million, with adjusted Ebitda and adjusted operating profit both expected to be comfortably ahead of market expectations. The company says it intends to pay a final dividend. "Whilst we remain vigilant to the varied wider economic context, we enter the new year with solid business foundations and are laser-focus on our three-pillared growth strategy," says CEO Milan Patel.

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Countryside Properties PLC - Brentwood, England-based housebuilding and urban regeneration company - Says total completions were up to 1,096 homes in the 13-week period to June 30 from 449 homes a year prior. Adjusted revenue rose to GBP287 million from GBP101 million year-on-year, and net reservation rate per open outlet per week was up 53% to 0.81 from 0.53. The company noted that it has no change to expectations for the full year.

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Tekmar Group PLC - Darlington, England-based engineering services company - Reports growth in the enquiry book to GBP320 million and a stable order book of GBP13 million, supported by GBP10 million of contracts in advanced negotiation. "The market outlook for the global offshore wind industry over the next decade provides a major opportunity for Tekmar to further strengthen our industry leading position in offshore wind. The growth opportunity we have ahead is significant. It is now about execution and the team are focused on delivering on the opportunity," says CEO Alasdair MacDonald.

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Breedon Group PLC - Breedon on the Hill, England-based construction materials company - Swings to profit of GBP46.2 million for the six months to the end of June from GBP10.1 million loss reported a year ago. Revenue, meanwhile, rises to GBP600.9 million from GBP335.3 million year-on-year. The company declares a dividend of 0.5p per share for the half-year, having paid none in the first half of 2020 and 2019. "The outlook for our end markets remains positive, with the UK and Irish governments committed to significant investment in infrastructure, combined with sustained structural demand for new build residential housing," says CEO Rob Wood.

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AfriTin Mining Ltd - Guernsey-based miner - Says total production for the year ended February 28 amounted to 473 tonnes of tin concentrate, up from 32 tonnes posted the year before. AfriTin reports first material revenue number of GBP5 million for the year from GBP69,000 the year ago. "With tin becoming a new technology metal and the demand for lithium and tantalum, we believe the economics of the historical operation have been transformed," notes CEO Anthony Viljoen.

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Rambler Metals & Mining PLC - London-based copper ores company - Reports 2,502 tonnes of concentrate containing 673 tonnes of saleable copper and 585 ounces of saleable gold produced in the three months to June 30, lower than 3,323 tonnes containing 876 tonnes and 562 ounces of saleable copper and gold, respectively, produced in the first quarter of 2021. Turning to operations, the company says delineation diamond drilling in the second quarter totalled 4,094 meters drilled in 14 holes, up from 1,991 meters drilled in 11 holes in the Lower Footwall zone in the first quarter.

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Ideagen PLC - information management software firm - Swings to pretax profit of GBP779,000 for the financial year ended April 30 from GBP134,000 loss posted the year earlier. Revenue, meanwhile, rises to GBP65.6 million from GBP56.6 million year-on-year. Ideagen ups total dividend by 16% to 0.37p per share for the year. Going forward, the company remains in an "excellent" position to pursue a healthy acquisition pipeline, with continued focus on organic growth.

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PensionBee Group PLC - London-based pensions services provider - Continues to implement its customer-focused strategy, achieving strong year-on-year growth in the first half of 2021. Invested customers increased by 81% to 92,000, while assets under administration increased to GBP2.0 million from GBP915 million year-on-year driven by strong net flows from new and existing customers. Annual run rate revenue increased to GBP12.3 million from GBP5.7 million in the first half of 2020. "We are excited about the vast growth opportunity ahead ," says CEO Romi Savova.

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ActiveOps PLC - Reading, England-based management software firm - Reports a narrowed pretax loss of GBP2.0 million in the financial year to March 31 versus GBP2.9 million loss posted the year earlier. This was due to a slight reduction in administrative expenses, as revenue remained unchanged year-on-year at GBP20.4 million. Going forward, the company says trading in the first quarter of the new financial year has progressed in line with expectations, demonstrating considerable improvements year-on-year when Covid-19 delayed implementations and sales.

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Franchise Brands PLC - Macclesfield, England-based franchise business - Says revenue increases by 18% to GBP28.6 million in the six months to June 30. Pretax profit, meanwhile, jumps to GBP2.6 million from GBP900,000 year-on-year. Franchise Brands declares an interim dividend of 0.60p per share for the half-year versus 0.30p paid the year prior. "We are confident that the full year performance will be ahead of current consensus market expectations," says Executive Chair Stephen Hemsley.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 11:26

KRM22 shares soar following announcement of GBP600,000 contract

(Alliance News) - KRM22 PLC shares were up on Monday, after the company said that its latest contract had further consolidated its dominance of the future commission merchants market.

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15 Apr 2024 11:14

AIM WINNERS & LOSERS: Horizonte plunges on Araguaia funding blow

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7 Mar 2024 20:51

IN BRIEF: KRM22 appoints new CEO and new chair, effective immediately

KRM22 PLC - London-based technology and software investment company - Promotes Chief Services Officer Dan Carter to chief executive officer, replacing Stephen Casner, who is leaving to pursue private equity opportunities in the US. Further, KRM22 promotes Non-Executive Director Garry Jones to non-executive chair, replacing Keith Todd, who was executive chair. Changes take effect immediately. Former executive chair Todd says: "After nearly six years since our initial public offering, it's time to make these board changes when the growth trajectory and outlook of the company is strong." Chair Jones says: "Over the last few years KRM22 has established itself as a market leader in risk management technology with a strong client list of major financial institutions. The management changes announced today lay the groundwork for significant future growth and renewed vigour, whilst creating economic and business value for our shareholders, customers and employees."

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21 Feb 2024 21:56

EARNINGS AND TRADING: UIL has good interim, chair to retire next month

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

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26 Sep 2023 14:30

EARNINGS: tinyBuild vows need to adapt as swings to loss; Yu profit up

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TRADING UPDATES: Chapel Down sales pop; Serabi output rises

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

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28 Jun 2023 10:06

CORRECT: KRM22 annual loss narrows as expenses drop; revenue up

(Correcting annualised recurring revenue figure from GBP4.8 million to GBP3.8 million for 2021)

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27 Jun 2023 14:03

IN BRIEF: KRM22 annual loss narrows as expenses drop; revenue up

KRM22 PLC - London-based technology and software investment company - Says annualised recurring revenue as at December 31 amounts to GBP4.8 million, down 26% from GBP4.8 million on the same date a year earlier. Revenue in 2022 is GBP4.3 million, up 4.9% from GBP4.1 million the year prior. Pretax loss narrows to GBP3.0 million from GBP4.1 million a year earlier, administrative expenses reduce to GBP6.1 million from GBP6.7 million. Adjusted loss before interest, tax, depreciation and amortisation widens to GBP1.7 million from GBP700,000 a year earlier. Looking ahead, expects to get to ARR of GBP10.0 million by 2026 through delivering 20% compounded ARR growth each year while "achieving positive EBITDA and cash flow and we have the right foundations in place to achieve this goal".

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23 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
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HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
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Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
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New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
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Synairgen PLCAGM
Thalassa Holdings LtdAGM
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Trident Royalties PLCAGM
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Verici Dx PLCAGM
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Hemogenyx Pharmaceuticals PLCAGM
Hiro Metaverse Acquisitions I SAAGM
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Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kefi Gold & Copper PLCAGM
Kistos Holdings PLCAGM
KRM22 PLCAGM
Kropz PLCAGM
LoopUp Group PLCAGM
Medica Group PLCAGM
Mirriad Advertising PLCAGM
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Savannah Energy PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Sep 2022 14:47

EARNINGS SUMMARY: Trufin expects loan book jump; Corre bets on US, EU

(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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UK shareholder meetings calendar - next 7 days

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ADVFN PLCGM re director appointments
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BBGI Global Infrastructure SAAGM
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Holders Technology PLCAGM
HSBC Holdings PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
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Minoan Group PLCAGM
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Rotork PLCAGM
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IOG PLCAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Mar 2022 18:07

EARNINGS UPDATES: Surgical Innovations and KRM22 narrow loss in 2021

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TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

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UK earnings, trading statements calendar - next 7 days

Thursday 24 February 
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ASA International Group PLCFull Year Results
BAE Systems PLCFull Year Results
Centrica PLCFull Year Results
Conduit Holdings LtdFull Year Results
Derwent London PLCFull Year Results
Drax Group PLCFull Year Results
Genus PLCHalf Year Results
Go-Ahead Group PLCFull Year Results
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Howden Joinery Group PLCFull Year Results
Inchcape PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
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Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
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WPP PLCFull Year Results
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IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
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Pearson PLCFull Year Results
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Rotork PLCFull Year Results
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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