System1 Group PLC - London-based marketing and brand consultancy - Enters the final quarter of its financial year ending March 31 with "good trading momentum". Expects to deliver results ahead of its prior expectations. Revenue is now forecast at GBP29 million for the year, up from GBP23.4 million the year before. Pretax profit is set to be "comfortable" above GBP2 million - which it says is "materially ahead" of consensus - and up from GBP700,000 in financial 2023. In its third quarter, revenue jumped 29% to GBP8.0 million, thanks to a 46% jump in Platform revenue.
Chief Executive Officer James Gregory says: "We continue to deliver quarter on quarter revenue and profit growth, exceeding GBP8 million revenue for the last quarter and increasing platform revenue by 46%. We are executing our go-to-market plans and building out ever-improving customer propositions, creating the momentum to grow further over the coming years".
Current stock price: 347.00 pence, up 22%
12-month change: up 78%
By Sabrina Penty, Alliance News reporter
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System1 Group (SYS1)