Kape Technologies PLC - Isle of Man-based digital security and privacy software provider - Says trading has been strong in first quarter of 2022, with "robust" organic growth.
"We remain well-positioned to deliver on our guidance of revenues of between USD610 million to USD624 million and pro-forma adjusted Ebitda of between USD166 million to USD172 million for the full year 2022," Chair Don Elgie says. Notes the earnings rise will be more than double the year prior.
Elgie adds: "The integration of ExpressVPN, acquired in December 2021, is well underway, and, alongside bolstering our go-to market and R&D capabilities, we have already begun to realise significant operational benefits to date, including cost-savings on back-office consolidation and leveraging economies of scale as well as ongoing synergies in the infrastructure and marketing."
Believes it is in "prime position" to "lead the market".
Current stock price: 332.00 pence, down 3.8% on Thursday
12-month change: up 8.9%
By Paul McGowan; paulmcgowan@alliancenews.com
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