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0OPM Datalex Plc

3.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Datalex Plc LSE:0OPM London Ordinary Share IE0000527006 DATALEX ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 23.54M -11.46M -0.0864 -34.72 398.03M

Datalex PLC 2022 Guidance Update (4237H)

24/11/2022 7:00am

UK Regulatory


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RNS Number : 4237H

Datalex PLC

24 November 2022

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. With the publication of this announcement, this information is now considered to be in the public domain.

Datalex plc

2022 Guidance Update

Dublin, Ireland, 24 November 2022: Datalex plc ("Datalex", the "Company" or the "Group") (Euronext Growth Dublin: DLE) today provides an update to guidance for 2022 due to the ongoing impact of Covid restrictions on its Chinese customers and the timing of specific services projects which will move from 2022 to 2023.

Earlier in the year when providing its 2022 outlook, the Company anticipated that the Chinese market would experience a material recovery in the latter half of the year versus H1 2022. This recovery has not materialised due to continued lockdowns in key cities in which Chinese customers operate. As a result, our revenues and earnings derived from China will be negatively impacted in H2 2022.

Elsewhere, Datalex has continued to see strong engagement with customers as they seek to accelerate their digital retail roadmap, which is providing a number of enhanced opportunities for the Company. However, partly as a consequence of planning for the delivery of such opportunities, it is now expected that services activity levels will be lower than expected in H2 2022 as certain projects move out to 2023. This will negatively impact 2022 revenues but will positively contribute to growth in 2023.

Based on the current performance and trajectory, the Group now expects to report Revenue of $22.5 million to $23.5 million and Adjusted EBITDA of -$5 million to -$6 million for FY 2022 (see notes below regarding basis of preparation).

Sean Corkery, CEO said: "While short term forecasting has continued to be difficult, we remain confident in the ability of our business to grow in the medium to long term. Airlines are focused on accelerating their digital offering and Datalex is very well placed to assist them.

I am really encouraged by the strong engagement the team is having with current and prospective customers across the globe as we continue to execute on customer renewals and build on our robust pipeline of potential new customers. In addition, I am happy to report that the activation of our new customers, easyJet and Virgin Australia is progressing well. All of which we expect to result in meaningful revenue growth in 2023 and beyond."

Contact information

Investor Enquiries

Neil McLoughlin, Datalex plc

+353 1 806 3500

investor.relations@datalex.com

Media Enquiries

Eavan Gannon, Powerscourt

+353 87 236 5973

Datalex@powerscourt-group.com

The financial information in this announcement is not audited and does not constitute statutory financial statements of Datalex plc.

IFRS 15 recognition rules specify that timing of revenue recognition may be affected by factors outside our control, for example, including the credit rating of our customers. This may impact on the timing of recognition of forecast revenues and costs, as included in this guidance statement.

Adjusted EBITDA (Note 4) is defined as earnings from operations before (i) interest income and interest expense, (ii) tax expense, (iii) depreciation and amortisation expense, (iv) share-based payments cost and (v) exceptional items (see Note 7).

This announcement contains certain forward-looking statements. Actual results may differ materially from those projected or implied in such forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results. Those forward-looking and other statements speak only as at the date of this announcement. Datalex undertakes no obligation to update any forward-looking statements. No statement in this document is intended as a profit forecast or a profit estimate and no statement in this document should be interpreted to mean that earnings per share for the current or future financial years would necessarily match or exceed the historical published earnings per share.

Statements contained in this announcement are based on the knowledge and information available to the Board at the date it was prepared and therefore facts stated, and views expressed may change after that date. Nothing in this announcement is intended to constitute an invitation or inducement to engage in investment activity. This announcement does not constitute or form part of any offer for sale or subscription of, or any solicitation of any offer to purchase or subscribe for, any securities nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto. This announcement does not constitute a recommendation regarding any securities.

About Datalex

Datalex's purpose is to transform airline retail. Datalex is a market leader in airline retail technology, offering unique products that enable airlines to drive revenue and profit as digital retailers. Datalex has a strong track record of delivering digital retail transformation for progressive airline brands worldwide.

The Group is headquartered in Dublin, Ireland, and maintains offices across Europe, the USA, China and Australia.

In 2022, Datalex was awarded the 'Great Place to Work(R)' and 'Best Workplaces in Tech(TM)' certifications.

Datalex plc is a publicly listed company, on Euronext Growth, Dublin.

Learn more at www.datalex.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

November 24, 2022 02:00 ET (07:00 GMT)

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