this time last year RNS comparison17 Jan 2023 07:34
18th Jan 2022 Share price 192
Total cash of over £530m at year end plus an undrawn facility of £170m, on long dated 3-5 year terms
At the same time, we welcomed c.3,000 new employees across the world to the Group, the majority of whom are within the U.K., and completed many transformational projects, including the opening of our 1m sq. ft. U.K. technology campus, ICON.
17th Jan 2023
Free cash generation2 of c. £50 million in H2 2022, driving strong balance sheet and liquidity with c. £640 million of cash and available facilities at year end.
Successful completion of the Group's divisional reorganisation driving continued profit progression through greater divisional cost transparency, the removal of duplicated costs, procurement and payroll efficiencies. Group-wide headcount reduction of c. 2,000 employees following elevated investment over recent years, achieved through managed attrition alongside continued recruitment of digital talent.
During 2023, the Group expects to add over £1 billion incremental GMV to the Ingenuity platform.