Mind Gym PLC Full Year Trading Update and Notice of Results (3092X)
29 April 2019 - 4:00PM
UK Regulatory
TIDMMIND
RNS Number : 3092X
Mind Gym PLC
29 April 2019
29 April 2019
Mind Gym plc
("Mind Gym" or the "Company" or "Group")
Full Year Trading Update and Notice of Results
Mind Gym (AIM: MIND), the global provider of human capital and
business improvement solutions, announces a trading update ahead of
reporting its full year results for the twelve months ended 31
March 2019.
Reported revenue is expected to be c.14% ahead of the
comparative period last year, having grown to GBP42.1 million.
Adjusted PBT is also ahead of the prior year and is expected to be
in line with expectations. Cash generation has been strong, with
improvements in working capital management in the second half
expected to result in a year-end cash balance of c.GBP8.3
million.
The Group will report its full-year results to 31 March 2019 on
25 June 2019.
Octavius Black, Chief Executive Officer of Mind Gym,
commented:
"We are pleased with the Group's overall performance in our
first financial year as a listed business. Mind Gym has a
distinctive proposition with proven impact which is recognised by
many of the world's largest companies. Behavioural issues remain
high on the business agenda and the continued improvement in our
client feedback scores gives us confidence in the continued strong
demand for our products and solutions.
"We look forward to updating our stakeholders further on our
performance and prospects when we announce our full year results in
June."
Enquiries
Mind Gym plc +44 (0) 20 7376 0626
Octavius Black (CEO)
Joanne Cash (Chair)
Richard Steele (CFO)
investors@themindgym.com
Liberum (Nominated Adviser and
Sole Broker) +44 (0) 20 3100 2000
Bidhi Bhoma
Joshua Hughes
Euan Brown
Maitland/AMO (for media enquiries) +44 (0) 20 7379 5151
Al Loehnis
Sam Cartwright
mindgym-maitlandamo@maitland.co.uk
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END
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