iEnergizer Limited Year End Trading Statement and Notice of Results (3097P)
09 June 2020 - 4:00PM
UK Regulatory
TIDMIBPO
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
+44 (0)20 7614
Arden Partners - Nominated adviser and Broker 5900
Ciaran Walsh / Dan Gee-Summons
+44 (0)20 3727
FTI Consulting - Communications Adviser 1000
Edward Westropp / Jonathon Brill / Eleanor Purdon
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END
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