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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
12 Feb 2024 12:46

TPXimpact ends third quarter in line with expectations

(Sharecast News) - TPXimpact reported a positive performance in the December quarter in a trading update on Monday, aligned with its financial targets for the current financial year.

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12 Feb 2024 11:20

TPXimpact Holdings offers positive outlook as revenue jumps in quarter

(Alliance News) - TPXimpact Holdings PLC on Monday said that its outlook remains positive into next year and beyond, after seeing revenue increase in the third quarter and the year-to-date.

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15 Jan 2024 10:51

IN BRIEF: TPXimpact non-exec director sells GBP1.1 million in shares

TPXimpact Holdings PLC - London-based provider of "digital transformation" services to UK public sector - Non-Executive Director Neal Gandhi sells 3.4 million shares at 33 pence each, worth GBP1.1 million, on Friday. TPXimpact says Gandhi's sale is "to fund other business interests and satisfy personal tax liabilities". He retains 6.0 million shares, a 6.6% stake. TPXimpact has a GBP35.0 million market capitalisation.

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9 Jan 2024 13:53

IN BRIEF: TPXimpact becomes certified B corporation

TPXimpact Holdings PLC - London-based IT consulting firm - Announces "notable milestone" as it becomes a certified B Corporation. B Corps are companies verified by non-profit organisation B Lab to meet high standards of social and environmental performance, as well as transparency. Says certification further establishes its role in environmental, social and corporate governance. Chief Executive Officer Bjørn Conway says: "Achieving B Corp certification is an affirmation of TPXimpact's unwavering commitment to balance purpose and profit. It's a testament to the dedication of our teams in ensuring that social and environmental impact is woven into the very fabric of our operations. Being a B Corp strengthens our passion to deliver tangible positive outcomes for all of our stakeholders."

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(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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28 Nov 2023 15:36

UK earnings, trading statements calendar - next 7 days

Wednesday 29 November 
Amaroq Minerals LtdQ3 Results
Benchmark Holdings PLCFull Year Results
Braemar PLCHalf Year Results
Cordiant Digital Infrastructure LtdHalf Year Results
CVS Group PLCTrading Statement
Esken LtdHalf Year Results
Impax Asset Management Group PLCFull Year Results
Halfords Group PLCHalf Year Results
Harbour Energy PLCTrading Statement
Pennon Group PLCHalf Year Results
Vinanz LtdQ3 Results
Thursday 30 November 
Carclo PLCHalf Year Results
Dr Martens PLCHalf Year Results
Genedrive PLCFull Year Results
James Latham PLCHalf Year Results
LXi REIT PLCHalf Year Results
ME Group International PLCTrading Statement
Mitchells & Butlers PLCFull Year Results
TClarke PLCTrading Statement
Tharisa PLCFull Year Results
Walker Crips Group PLCHalf Year Results
Zoo Digital Group PLCHalf Year Results
Friday 1 December 
Mind Gym PLCHalf Year Results
Monday 4 December 
One Health Group PLCHalf Year Results
SDCL Energy Efficiency Income Trust PLCHalf Year Results
Tuesday 5 December 
Ashtead Group PLCHalf Year Results
CML Microsystems PLCHalf Year Results
discoverIE Group PLCHalf Year Results
Ferguson PLCQ1 Results
Gooch & Housego PLCFull Year Results
Iomart PLCHalf Year Results
Marston's PLCFull Year Results
On The Beach Group PLCFull Year Results
Oxford Metrics PLCFull Year Results
Peel Hunt LtdHalf Year Results
Premier Miton Group PLCFull Year Results
Solid State PLCHalf Year Results
SSP Group PLCFull Year Results
TPXimpact Holdings PLCHalf Year Results
Tritax EuroBox PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Oct 2023 14:15

TPXimpact hails "encouraging" half but cuts losses on Norway arm

(Alliance News) - TPXimpact Holdings PLC on Monday reported a strong trading performance in its first half year with a "robust" pipeline, although it has sold TPXimpact Norway partially due to a lack of scale.

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18 Sep 2023 14:37

TRADING UPDATES: Avingtrans buys Adaptix, TPXimpact sells Questers

(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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18 Sep 2023 12:41

TPXimpact offloads Questers in £7.5m deal

(Sharecast News) - Technology services firm TPXimpact confirmed on Monday that it has finalised the sale of Questers Resourcing and Questers Bulgaria, collectively known as Questers, to Pwrteams.

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10 Jul 2023 09:20

Great Portland Estates completes office leasing with TPXimpact deal

(Alliance News) - Great Portland Estates PLC on Monday said it has completed leasing its office space at The Hickman building.

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6 Jul 2023 12:08

IN BRIEF: TPXimpact shares down on swing to annual loss; revenue down

TPXimpact Holdings PLC - London-based IT consulting firm - Posts revenue of GBP83.7 million for year ended on March 31, up 5.0% from GBP79.7 million the year before. However, swings to a pretax loss of GBP20.5 million from a profit of GBP2.5 million, as operating loss totals GBP20.9 million, compared to an operating profit of GBP3.2 million the year before. Incurs a pretax loss from total operations of GBP19.0 million for the year, compared to a profit of GBP1.8 million in the previous year. Administrative expenses increase to GBP40.8 million from GBP21.7 million the year before.

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30 Jun 2023 14:07

TRADING UPDATES: Aquila European says no hit from Siemens Energy woe

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

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5 May 2023 10:25

TPXimpact shares up as predicts revenue growth to top expectations

(Alliance News) - TPXimpact Holdings PLC shares were up on Friday, after it raised its revenue forecasts for its new financial year.

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5 May 2023 08:47

LONDON MARKET OPEN: Stocks make headway, investors cheer IAG update

(Alliance News) - Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100.

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28 Apr 2023 11:49

IN BRIEF: TPXimpact surges on two contract wins with UK government

TPXimpact Holdings PLC - London-based IT consulting firm - Wins two contracts with two central government departments. One is a two-year contract worth up to GBP27.4 million, starting in May. TPX will provide specialist expertise to develop and "iterate digital services for teachers and related users". The second contract win is with His Majesty's Land Registry, worth up to GBP49 million over a four-year period, also starting in May. Says it will provide a range of digital and technical transformation programmes to support HMLR's to deliver a more effective service to its users.

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