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Year End Trading Statement and Notice of Results

9 Jun 2020 07:00

RNS Number : 3097P
iEnergizer Limited
09 June 2020
 

9 June 2020

iEnergizer Limited

("iEnergizer", the "Company" or the "Group")

Financial Year End Trading Statement and Notice of Results

iEnergizer, the technology services and media solutions leader for the digital age, is pleased to report that the Company continued to perform strongly in the second half of the financial year ended 31 March 2020. The Group's continued focus on higher margin work enhanced the profitability of the Group. As a result of this, the Board expects that the Group's revenue to be in line with market expectations and expects adjusted EBITDA to be ahead of market expectations.

 

Due to the Group's strong balance sheet and the cash generative nature of the business, the Board also reaffirms its commitment to a progressive dividend policy. Further details of which will be provided at the time of the Group's full year results which are expected to be released in late June 2020.

 

Marc Vassanelli, Chairman of iEnergizer, commented:

"We are pleased to report that the Company expects adjusted EBITDA to be ahead of market expectations due to significant progress made by colleagues across the Company to focus on the high margin revenue streams.

 

The health and wellbeing of our people and clients is paramount and the Group has put a number of measures in place since India went into lockdown on 25 March 2020. Since our last trade update in May 2020, the Group has continued to operate at 80% - 90% efficiency and a further update will be provided in the full year results."

 

-Ends- 

Enquiries:

iEnergizer Ltd.

+44 (0)1481 242233

Chris de Putron / Mark De La Rue

Arden Partners - Nominated adviser and Broker

+44 (0)20 7614 5900

Ciaran Walsh / Dan Gee-Summons

 

FTI Consulting - Communications Adviser

+44 (0)20 3727 1000

Edward Westropp / Jonathon Brill / Eleanor Purdon

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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5th Sep 202211:55 amRNSForm 8.5 (EPT/NON-RI) - iEnergizer Limited
2nd Sep 20221:08 pmRNSForm 8.5 (EPT/NON-RI)
31st Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
26th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
26th Aug 202211:15 amRNSForm 8.5 (EPT/RI) - iEnergizer Limited
25th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI) - iEnergizer Limited
24th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
24th Aug 202211:16 amRNSForm 8.5 (EPT/RI) - iEnergizer Limited
24th Aug 20229:13 amRNSForm 8.5 (EPT/RI) - iEnergizer Limited
23rd Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
23rd Aug 20229:41 amRNSForm 8.5 (EPT/RI)
22nd Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
19th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
18th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
18th Aug 202211:19 amRNSForm 8.5 (EPT/RI)-iEnergizer Limited
15th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
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11th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
11th Aug 202210:21 amRNSForm 8.5 (EPT/RI)
11th Aug 202210:06 amRNSForm 8.5 (EPT/RI)-iEnergizer Limited
10th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
10th Aug 202211:13 amRNSForm 8.5 (EPT/RI)-iEnergizer Limited
9th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
9th Aug 202210:30 amRNSForm 8.5 (EPT/RI)
8th Aug 202211:55 amRNSForm 8.5 (EPT/NON-RI)
8th Aug 202211:18 amRNSForm 8.5 (EPT/RI)-iEnergizer Limited
8th Aug 202210:28 amRNSForm 8.5 (EPT/RI)

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