Last checked at 26 Apr 2021 07:00
This announcement contains inside information
26 April 2021
The Panoply Holdings PLC
("The Panoply", or the "Group")
Trading UpdateandChange of Registered Address
The Panoply Holdings PLC (AIM: TPX), the technology-enabled services group focused on digital transformation, announces a trading update for the year ended 31 March 2021.
Trading during the period was strong and ahead of the Group's recently upgraded expectations.
The Board expects to report Revenue and Adjusted EBITDA performance for the year to be not less than £51m (an increase of 62% on FY2020) and Adjusted EBITDA of not less than £6.9m (an increase of 79% on FY2020). Alongside the impact of three acquisitions made during the year, the FY2021 results will show like-for-like organic revenue growth above the Group's stated objective of 10-15%.
The Group also made strong progress with its ESG commitments and will report improvements in both diversity and inclusion statistics across the Group, as well as progress towards its commitment to be carbon neutral, including historic emissions, by March 2023.
The Group ends the year with £39m backlog for FY2022 and a strong pipeline that supports further organic growth in FY2022 in line with its stated objectives.
The Group will announce its preliminary results on 5 July 2021.
Change of Registered AddressThe Panoply Holdings Plc, announces that its registered office has changed to 7 Savoy Court, London WC2R 0EX with immediate effect.
The person responsible for this announcement is Oliver Rigby, CFO.
Enquiries:
The Panoply Holdings Neal Gandhi (CEO) Oliver Rigby (CFO)
Stifel Nicolaus Europe Limited (Nomad and Joint Broker) |
Via Alma PR
+44 (0)207 710 7600 |
Fred Walsh Alex Price |
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Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney Nicholas Chambers
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+44 (0)203 903 7715 |
Alma PR (Financial PR) Susie Hudson Josh Royston Harriet Jackson | panoply@almapr.co.uk +44 (0)203 405 0209
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About The Panoply
The Panoply is a technology-enabled services group, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.
The Group is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.70% of its client base representing the public sector and c.30% representing the commercial sector.
More information is available at www.thepanoply.com.