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5 Jul 2024 07:00
5 July 2024
1Spatial plc
("1Spatial", the "Group" or the "Company")
AGM Statement and Trading Update
1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, will hold its Annual General Meeting at 11am today at the offices of Panmure Liberum Limited, Ropemaker Place, Level 12, 25 Ropemaker Street, London EC2Y 9LY.
At the meeting, Andrew Roberts, Non-Executive Chairman, will make the following statement:
"Trading for the full year is expected to be in line with expectations. We have secured several new contracts in Europe and the US (as previously announced) in recent months, and we continue to make progress with our innovative 1Streetworks SaaS offering.
Planned targeted headcount increases across the US Enterprise and 1Streetworks businesses are well underway. With the onboarding of an NG9-1-1 (public safety) specialist in May and a highly experienced sales director joining the Company early in H2 to strengthen the 1Streetworks team. This reflects our approach to ensure our sales and delivery teams have a greater sector focus.
The Group has a strong order book, a growing recurring revenue stream and substantial sales pipeline underpinning the Board's confidence in the outturn for FY25. We believe the investments we continue to make in people and technology have positioned the business well to take advantage of the huge opportunity ahead."
For further information, please contact:
1Spatial plc | 01223 420 414 |
Claire Milverton / Stuart Ritchie
| |
Panmure Liberum (Nomad and Broker) | 020 3100 2000 |
Max Jones / Edward Mansfield / Anake Singh
| |
Alma Strategic Communications | 020 3405 0205 |
Caroline Forde / Hannah Campbell / Kinvara Verdon | 1spatial@almastrategic.com |
About 1Spatial plc
1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.
Today, when using and sharing trusted data provides significant opportunities for businesses and governments to deliver against important sustainability and Net Zero goals, our vision is clear - to make the world safer, smarter and more sustainable by unlocking the value in data, enabling better decisions and greater insights.
The 1Spatial platform is a comprehensive set of data and system agnostic LMDM software components which helps ensure master data is compliant, current, complete, consistent, and coordinated - and that customers can be confident it will remain that way as it evolves. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both.
Our domain expertise and data agnostic approach allows us to be an integral and important part of the Geospatial Ecosystem, supporting the wider digital economy. We partner with major technology consultancies and GIS providers such as ESRI and bring together our people, innovative solutions, industry knowledge and experience from our extensive customer base to deliver world class solutions.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.
www.1spatial.com
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