30 Apr 2018 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
30 April 2018
RedstoneConnect Plc
("RedstoneConnect" or the "Company")
Trading update
RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, provides the following update for the year ended 31 January 2018.
The Company expects to report revenues of over £47 million, adjusted EBITDA* of approximately £3.2 million, and adjusted profit before tax** of approximately £2.4 million in line with market expectations.
The Company expects to announce its final results for the year ended 31 January 2018 by the end of May 2018.
* profit for the period before net finance costs, tax, depreciation, amortisation, integration costs and transactional items and share based payments.
**adjusted profit before tax is before: integration and transactional items, share based payment charge and amortisation recognised as a result of purchase price allocation under IFRS.
Enquiries
RedstoneConnect Plc Mark Braund (CEO) Spencer Dredge (CFO)
| via Vigo Communications |
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo/ Catherine Leftley
| +44 (0)20 7894 7000 |
Whitman Howard Limited (Joint Broker) Nick Lovering
| +44 (0)207 659 1234 |
Vigo Communications (Financial Public Relations) Jeremy Garcia / Ben Simons / Antonia Pollock reds@vigocomms.com | +44 (0)20 7830 9700 |
About RedstoneConnect Plc
RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone, Connect IB, Commensus and Anders + Kern provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. Visit our website at www.redstoneconnectplc.com.