(Alliance News) - Dotdigital Group PLC on Wednesday said its full year profit increased, due to existing client growth and improved customer retention in Europe, the Middle East & Africa.
The London-based online marketing automation company said pretax profit grew 5.7% to GBP13.6 million for the year ended June 30 2022, from GBP12.9 million last year.
Revenue increased 8% to GBP62.8 million from GBP58.1 million, with growth across all global regions.
Dotdigital's earnings before interest, tax, depreciation and amortisation grew 10% to GBP21.7 million from GBP19.8 million. The company said this follows an improving margin due to a 22% rise in email marketing volumes.
Looking ahead, Dotdigital said revenue growth and profitability for the new financial year are expected to be "marginally ahead" of forecasts.
Dotdigital will pay a final dividend of 0.98 pence per share, up 14% year-on-year from 0.86p.
Dotdigital shares were up 3.5% to 85.49 on Wednesday afternoon in London.
By Jaskeet Briah; jaskeetbriah@alliancenews.com
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dotDigital Group (DOTD)