StatPro Group PLC Year end trading update (8489C)
25 January 2018 - 6:00PM
UK Regulatory
TIDMSOG
RNS Number : 8489C
StatPro Group PLC
25 January 2018
25 January 2018
StatPro Group plc
Year end trading update
StatPro Group plc, (AIM: SOG, "StatPro", "the Group"), the AIM
listed provider of cloud-based portfolio analysis and asset pricing
services for the global asset management industry, announces a
trading update for the year ended 31 December 2017.
-- Group revenue expected to be approximately GBP49.0 million up 30% (2016: GBP37.6 million)
-- Group Adjusted EBITDA(1) expected to be approximately GBP6.9
million up 35% (2016: GBP5.1 million)
-- Group Annualised Recurring Revenue ("ARR") increased by 39%
to GBP53.0 million (2016: GBP38.1 million(2) )
-- StatPro Revolution ARR increased organically by 13%
-- ARR for cloud services (including Delta) increased by 106%
-- ARR for Seven (excluding impact of conversions) increased by 2%
-- Net debt was GBP20.2 million (2016: GBP10.1 million) following investment in acquisitions
(1) Adjusted EBITDA is EBITDA after adjustment for amortisation
of acquired intangible assets, goodwill impairment, acquisition
transaction, redundancy and other integration costs, fair value
movements on non-controlling interest put option and share based
payments
(2) At constant currency
Justin Wheatley, Group CEO, StatPro, commented:
"The acquisition and successful integration of Delta in May was
the highlight of 2017. Delta has since increased sales and plans
are in place to achieve functional parity for Delta within StatPro
Revolution.
"Q4 was the best quarter in 2017 for new sales of StatPro
Revolution. StatPro Revolution ARR increased organically by 13% in
2017 with our overall cloud ARR rising 106%. As a result, we are
very confident that we will make further good progress in growing
revenue and profits in 2018."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 (MAR).
Enquiries:
StatPro Group plc
Justin Wheatley, Chief +44 (0) 20 8410
Executive 9876
Andrew Fabian, Finance
Director
Panmure Gordon - Nomad
and Broker
Corporate Finance - Freddy +44 (0) 20 7886
Crossley / Fabien Holler 2500
Corporate Broking - Tom
Salvesen / James Stearns
Instinctif Partners
Adrian Duffield / Chris +44 (0) 20 7457
Birt 2020
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. This multi-asset
class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations
and reduce costs.
The Group's integrated and global data coverage includes over
3.2 million securities such as equities, bonds, mutual funds, FX
rates, futures, options, OTCs, sector classifications and much else
besides. StatPro also covers most families of benchmarks including
MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
The Group has operations in Europe, North America, South Africa,
Asia and Australia, with hundreds of clients in 39 countries around
the world.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million at the end of
December 2017. Over 75% of recurring revenues are generated outside
the UK. StatPro Group plc shares are listed on AIM.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBIMRTMBBTBRP
(END) Dow Jones Newswires
January 25, 2018 02:00 ET (07:00 GMT)
Statpro (LSE:SOG)
Historical Stock Chart
From Apr 2024 to May 2024
Statpro (LSE:SOG)
Historical Stock Chart
From May 2023 to May 2024