Last checked at 4 Sep 2018 07:00
Dillistone Group Plc
("Dillistone" or the "Group")
Trading Update & Notice of Results
The Board of Dillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, will announce its interim results in the week beginning 24 September 2018. The Group expects full year results to be in line with market expectations before acquisition related items.
GatedTalent, its new division allowing executives to share information with executive recruiters in a secure and private manner, is making positive progress with, importantly, excellent growth in executive members since the previous announcement on 26 June 2018.
Member profile creation has accelerated, with August being our best month for new platform registrations, delivering an increase of more than 50% in newly created profiles when compared to our previous best month. The Division is currently receiving well over 1,000 new registrations each week.
As previously noted, the membership base is exceptionally senior, with approximately 10% of its members being currently employed in a CEO role. Furthermore, its membership pool is highly diverse, with executives registered from more than 100 nations, with the United States being the largest single source of registrations.
The continuing growth of the membership pool means that GatedTalent is now ready to turn on the monetisation element of the platform, although it will generate only minimal revenue in 2018. This is however a significant milestone for the Division and Group. As previously noted, the GatedTalent division will be loss making in 2018 and 2019.
The Group balance sheet remains strong, with a cash balance at 30 June 2018 of £1.065m.
Commenting on trading, Jason Starr, Chief Executive, said:
"We believe that GatedTalent has the ability to become a significant business for the Group in its own right. However, more immediately, we believe that it will have a positive impact on revenue for our Dillistone Systems division where GatedTalent will provide direct access to some of the World's leading executives from inside our FileFinder CRM. This is a unique competitive advantage in the industry which will aid in both winning new clients and generating additional value for our existing client-base."
Results Webinar - A webinar hosted by Jason Starr, CEO, and Julie Pomeroy, FD, will be held to review the results and expand on prospects. Details will be included in the interim results announcement. For further information please contact Tom Cooper on 0797 122 1972 or tom.cooper@walbrookpr.com.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
Dillistone Group Plc |
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Mike Love | Chairman | Via Walbrook PR | ||
Jason Starr | Chief Executive |
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Julie Pomeroy | Finance Director |
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WH Ireland Limited (Nominated adviser) |
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Chris Fielding | Managing Director - Corporate Finance & COO CIB | 020 7220 1650 | ||
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Walbrook PR |
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Tom Cooper / Paul Vann |
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| 0797 122 1972 | ||
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| tom.cooper@walbrookpr.com | ||
Notes to Editors:
Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has five brands operating through three divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); Voyager Software, which targets other recruitment markets (www.voyagersoftware.com); and GatedTalent, the next generation executive recruitment platform (www.GatedTalent.com).
Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014. The Group operates under the FileFinder, Infinity, Evolve, ISV and GatedTalent brands.
Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006. The Group employs over 100 people globally with offices in London (head office) Basingstoke and Southampton, Frankfurt, New Jersey and Sydney.