dotdigital Confident Going Forward After Solid Interim Performance

LONDON (Alliance News) - dotdigital Group PLC on Tuesday reported strong organic revenue growth in the first half of its year, with profit likewise increasing.

Software-as-a-service firm dotdigital operates a marketing and customer engagement platform. Shares were 5.2% higher Tuesday at a price of 90.47 pence each.

For the six months to December revenue came in at GBP24.9 million, 33% higher on the year, with organic revenue growth of 15% to GBP20.1 million.

The average revenue from customers climbed by 16% to GBP876 per user.

dotdigital's pretax profit increased to GBP4.9 million from GBP4.3 million a year before, and adjusted earnings before interest, tax, depreciation, and amortisation rose 25% to GBP7.1 million.

The company does not pay an interim dividend, just a final dividend at each financial year's end.

Europe, Middle East, & Africa had a solid interim, dotdigital said, with "notable" success in the Nordic and Benelux countries, the latter made up of Belgium, the Netherlands, and Luxembourg.

In North America, revenue was up 30% on the year, while revenue in the Asia-Pacific increased 80%.

Looking forward, dotdigital is confident on meeting expectations for its full year following the interim performance.

dotDigital Group