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Share Name Share Symbol Market Type Share ISIN Share Description
Ienergizer Ld LSE:IBPO London Ordinary Share GG00B54NMG96 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -2.9% 234.00 240.00 242.00 241.00 241.00 241.00 7,253 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 177.1 40.8 17.0 13.8 445

iEnergizer Limited Year End Trading Statement and Notice of Results

09/06/2020 7:00am

UK Regulatory (RNS & others)


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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 
 

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.

END

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June 09, 2020 02:00 ET (06:00 GMT)

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