Last checked at 6 Apr 2022 07:00
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6 April 2022
FD Technologies plc
("FD Technologies" or the "Group")
Trading update
Delivering on accelerated growth strategy
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) today provides a trading update for the financial year ending 28 February 2022 in advance of full year results expected to be announced on 10 May 2022.
The Group expects to achieve its revenue and adjusted EBITDA guidance for the year. Delivery of the accelerated growth strategy announced in May 2021 remains on track, enabling KX to achieve its target of 25% growth in exit Annual Recurring Revenue, driven by increasing take-up of the KX Insights platform. Combined with the recent announcement of our strategic partnership with Microsoft means we have entered the new financial year in a position to build on this momentum.
Seamus Keating, CEO of FD Technologies, commented: "I am pleased with our financial performance and the execution of our accelerated growth strategy in what was a year of transformation for the Group. I'm excited by the opportunities across our business as we win new customers and continue to develop our offering to drive value, performance and returns."
Enquiries
For further information please contact:
FD Technologies plc Seamus Keating, Chief Executive Officer Ryan Preston, Chief Financial Officer Ian Mitchell, Head of Investor Relations | +44(0) 28 3025 2242 www.fdtechnologies.com |
Investec Bank plc (Nominated Adviser and Broker) Andrew Pinder Carlton Nelson Virginia Bull | +44 (0) 20 7597 5970 |
Goodbody (Euronext Growth Adviser and Broker) David Kearney Don Harrington Finbarr Griffin | +353 1 667 0420 |
J.P. Morgan Cazenove (Broker) James A. Kelly Mose Adigun | +44 (0) 20 7742 4000 |
FTI Consulting (PR Adviser) | +44 (0) 20 3727 1000 |
Matt Dixon | |
Dwight Burden | |
Elena Kalinskaya |
About FD Technologies
FD Technologies is a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward. The Group comprises KX, the leading technology for real-time continuous intelligence; First Derivative, which provides technology-led services in capital markets; and MRP, the only enterprise-class, predictive Accounts Based Marketing solution. FD Technologies operates from 15 offices across Europe, North America and Asia Pacific, and employs more than 3,000 people worldwide.
For further information, please visit www.fdtechnologies.com and www.kx.com