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TRADING UPDATES: Eagle Eye Interim Revenue Up But Stays Cautious

Tue, 26th Jan 2021 14:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Reports higher revenue for the six months ended December 31 of GBP10.8 million, up from GBP10.1 million. Adjusted earnings before interest, tax, depreciation, and amortisation rises 62% to GBP2.1 million from GBP1.3 million, ahead of board expectations. Adjusted Ebitda figure excludes share-based payment charges along with depreciation, amortisation, interest and tax from the measure of profit. Financial 2021 profit on track to meet board expectations. Notes that "Covid-19 may continue to cause new contract discussions to be extended, and is expected to continue to impact the group's [Food & Beverage] and Non-Grocery customer segment, causing the board to remain cautious in its outlook for this segment."

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HeiQ PLC - textiles technology firm - Expects to post 2020 revenue ahead of market expectations after a "robust performance" from its core portfolio of products, especially from its antimicrobial technology. Annual operating profit to align with market expectations and trading in 2021 commences in line with expectations of both the market and HeiQ management.

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Personal Group Holdings PLC - Milton Keynes-based employee benefits firm - Robust trading continues in second half of 2020, with new contracts secured and key partnerships strengthened, with the firm expecting to post annual revenue of approximately GP70 million, broadly in line with 2019. Forecasts adjusted Ebitda upwards of GBP9.5 million, down from GP11.0 million in 2019 after a "change in revenue mix". December 31 cash position approximately GBP20 million, up from GBP17.0 million the year before, with no debt.

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Zoo Digital Group PLC - Sheffield, England-based localisation services for entertainment industry - Expects higher annual revenue for financial year ending March 2021 of USD38 million compared to USD29.8 million the year before, with growth accelerating in the second half. Annual result expected to exceed current market expectations.

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Centaur Media PLC - business information, events and marketing provider - Meets revenue, profit and cash expectations set out in October trading update. Expects to post revenue from continuing operations of at least GBP32 million for 2020, with adjusted Ebitda margin expected to be slightly ahead of 10% target. December 31 cash balance GBP8.3 million after GBP1.2 million of exceptional costs in second half. Under its "margin acceleration plan 2023", Centaur is targeting Ebitda margins of 23% by 2023 and revenue of at least GBP45 million.

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XLMedia PLC - London-based digital marketing services provider - Expects to post 2020 revenue of around USD54.5 million, down from USD79.7 million in 2019, and an adjusted Ebitda of around USD11.5 million excluding transformation costs and share based payments. Currently pursuing a multi-track approach to recovering Casino vertical, where it says a number of sites were penalised by Alphabet Inc's Google in early 2020. "This process is being carried out in conjunction with a fundamental rationalisation of the asset portfolio, significantly reducing the overall number of sites and upgrading the quality of those remaining," says XLMedia. Begins submission process to Google for reconsideration, having so far had penalty removed for three of the 10 sites it wishes to recover.

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TP Group PLC - Reading, England-based consulting, software and engineering services firm - Forecasts annual revenue of approximately GBP58.0 million, down only slightly from GBP58.2 million in 2019 despite Covid-19 disrupting supply chain and customer engagement. Set to report adjusted operating profit of around GBP3.8 million, down from GBP5.9 million. Closes 2020 with cash balance of around GBP7.4 million. "Business activity was robust in the last quarter of 2020 and this has continued in the early weeks of 2021 to provide a solid platform for the year ahead." Forward order book rises year-on-year to GBP69.0 million from GBP63.8 million.

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Anpario PLC - animal feed additives producer headquartered in Nottinghamshire - Says 2020 sales expected to be no less than GBP30 million, up from GBP29.0 million in 2019, with profit "well ahead of expectations". December 31 cash balance GGBP15.8 million, up from GBP13.8 million the year before following GBP1 million buyback programme as well as dividend distribution increase. Non-Executive Chair Peter Lawrence to retire at June 17 annual general meeting. Senior Independent Non-Executive Director Richard Wood to retire effective March 31. "A further announcement will be made regarding the positions of senior independent director and chair," says Anpario.

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DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Total group system sales for 2020 total TRY1.57 billion, around GBP156.0 million, up from TRY1.37 billion in 2019. Notes that system sales are generated by DP Eurasia's corporate and franchised stores to external customers and do not represent its revenue. System sales up 17% like-for-like. CEO Aslan Saranga notes that the firm "is considering an additional listing on a major stock exchange to complement its current listing on the Main Market of the London Stock Exchange" and will further investigate a possible listing at the Borsa Istanbul with "a further update in due course." Saranga says DP Eurasia confident in market positioning and prospects long term despite pandemic risks.

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By Anna Farley; annafarley@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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