(Alliance News) - Idox PLC on Wednesday celebrated a "resilient" performance over the financial year, despite a backdrop of "continued geo-political and economic uncertainty".
Idox, which supplies information management software for public and "asset-intensive" sectors, told investors that it expects to deliver revenue and profit in line with expectations for the year ended October 31.
Revenue is expected to rise 11% year-on-year to GBP73 million, while adjusted earnings before interest, tax, depreciation and amortisation are predicted to be around GBP24.5 million, up 9% from a year prior. Ebitda margin is expected to be around 34%, unchanged from a year prior.
Idox also noted a "record" order intake of GBP82 million, up 11% from the previous year on a "high-quality customer base and strong market positions".
Looking ahead, Idox said that it had started the year with good levels of visibility, including "strong recurring revenue, a solid order book and a healthy order pipeline supported by a strengthened financial platform".
As a result, its expectations for financial 2024 remain unchanged, "notwithstanding the current macro-environment".
"We are very pleased with the acquisition of Emapsite which adds significant scale and expertise to our existing Geospatial data capabilities. We are excited by the growth opportunities available in this sector, adding to our existing market leading public software capabilities," added Chief Executive Officer David Meaden.
The firm expects to report its financial 2023 results in late January.
Idox shares were trading 2.1% higher at 63.31 pence each in London on Wednesday afternoon.
By Holly Beveridge, Alliance News reporter
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Idox Group (IDOX)