Ingenta PLC Trading Update (6547O)
02 February 2023 - 6:00PM
UK Regulatory
TIDMING
RNS Number : 6547O
Ingenta PLC
02 February 2023
2 February 2023
Ingenta plc
("Ingenta" or the "Group")
Trading Update
Ingenta plc (AIM: ING), a leading software and services provider
to the publishing and media industries, is pleased to provide the
following trading update for the year ended 31 December 2022.
The Group expects to report revenue of approximately GBP10.45m
(2021: GBP10.15m) and adjusted EBITDA of approximately GBP1.95m
(2021: GBP1.45m), in line with market expectations. Closing year
end cash balances were GBP2.4m (2021: GBP3.0m) after completion of
the previously announced GBP2.07m tender offer in November 2022.
Ingenta has no debt.
In line with the previously stated intention to implement a
progressive dividend policy, the Board intends to pay a final
dividend of 2.25 pence (2021: 2 pence) per ordinary share for the
2022 financial year, subject to shareholder approval at the 2023
AGM. The proposed final dividend timetable will be announced
following the 2023 AGM.
The Group expects to announce its final results for the year
ended 31 December 2022 in April 2023.
Scott Winner, Chief Executive Officer, commented :
"I'm pleased to report that in 2022 the Group delivered top line
revenue growth combined with strong efficiency gains delivered in
prior periods. This growth was generated primarily from our
Commercial product division where we have had strong uptake of our
consultancy and managed service offering.
On the new business front, we added three customers to our
web-based digital content distribution platform and encouragingly,
have also simplified the upgrade process for customers looking to
migrate to more advanced SaaS-based solutions. Sales pipeline
activity is encouraging, and we are actively looking to build on
the revenue growth reported in 2022."
For further information contact:
Ingenta Plc
Scott Winner, Chief Executive Officer
Jon Sheffield, Chief Financial Officer +44 (0) 1865 397 800
Cenkos Securities plc
Katy Birkin
Callum Davidson +44 (0) 20 7397 8900
Certain of the information contained within this announcement is
deemed by the Company to constitute inside information as
stipulated under the UK version of the EU Market Abuse Regulation
(2014/596) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended and supplemented from time to
time.
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END
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