Last checked at 20 Jul 2021 07:00
20 July 2021
Dianomi plc
("Dianomi", the "Company" or the "Group")
Pre-Close Trading Update
Dianomi, a leading provider of native digital advertising services to premium clients in the Financial Services and Business sectors, is pleased to announce the following pre-close trading update for the six months ending 30 June 2021.
Following on from a successful listing on AIM alongside a significantly over-subscribed placing in May, the Company confirms that trading during the first half of this year has been strong and that the Company is trading in line with market expectations for the full year. Revenue for H1 2021 is expected to demonstrate significant growth compared to the prior year as the Group continues to expand its customer base. As at 30 June 2021 the Company had cash of £7.8 million.
In addition to high levels of repeat revenue from existing customers, during the first six months of the year a number of new advertisers and publishers within both the established Financial Services and Business vertical and the newer premium Lifestyle vertical have 'gone live' on Dianomi's platform, including a market leading luxury publishing house and a British national newspaper on the publisher side and premium global brands from both lifestyle and business on the advertiser side.
Furthermore, there has been growth within the existing publisher and advertiser base, with increases in revenues generated from a mix of longer-term and more recently added clients, as the Group is able to demonstrate the success and quality of its offering.
Rupert Hodson, Chief Executive Officer of Dianomi, said: "It is very pleasing to see the growth in our business over the first six months of 2021 alongside completing our successful IPO. The ongoing shift towards digital news increases the size of our market as advertisers' demand for digital advertising continues to grow at pace. To satisfy this strong advertiser demand, we are focused on continuing to build on our existing publisher partnerships as well as forming new ones, thus delivering increased distribution capabilities to our platform as well as increased scale and reach to our advertisers. We are very focused on continuing to grow the business and maximising its potential."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
For further information contact:
Dianomi Rupert Hodson (Chief Executive Officer) Charlotte Stranner (Chief Financial Officer)
| Tel: +44 (0)207 802 5530 |
Panmure Gordon (NOMAD, Sole Broker and Sole Bookrunner) Emma Earl/ Freddy Crossley, Corporate Finance Rupert Dearden, Corporate Broking
| Tel: +44 (0)207 886 2500 |
Novella Communications Tim Robertson / Fergus Young
| Tel: +44 (0)203 151 7008 |
About Dianomi
Dianomi, established in 2003, is a leading provider of native digital advertising services to premium clients in the Financial Services and Business sectors. The Group operates from its offices in London, New York and Sydney. The Group enables premium brands to deliver native advertisements to a targeted audience on the desktop and mobile websites, mobile and tablet applications of premium publishers. It provides over 400 advertisers, including blue chip names such as Aberdeen Standard Investments, Invesco and Baillie Gifford, with access to an international audience of 438 million devices per month through its partnerships with over 300 premium publishers of business and finance content, including blue chip names such as Reuters, Bloomberg and WSJ. Adverts served are contextually relevant to the content of the webpages on which they appear and mirror the style of the page, which enhances reader engagement. http://www.dianomi.com.