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ING Ingenta Plc

156.50
-1.00 (-0.63%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ingenta Plc LSE:ING London Ordinary Share GB00B3BDTG73 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.63% 156.50 155.00 158.00 157.50 156.50 157.50 16,309 15:27:44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 10.45M 1.46M 0.1004 15.59 22.75M

Ingenta PLC Trading Statement (3557B)

30/01/2020 7:00am

UK Regulatory


Ingenta (LSE:ING)
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TIDMING

RNS Number : 3557B

Ingenta PLC

30 January 2020

30 January 2020

Ingenta plc

("Ingenta" or the "Group")

Trading Update

Ingenta plc (AIM: ING), a leading software and services provider to the publishing and media industry, provides the following trading update for the year ended 31 December 2019.

The Group expects to report revenue of GBP10.9m and adjusted EBITDA of approximately GBP1.3m. The Group generated operating cash inflows of GBP3.5m in the year, before expenditure on research and development of GBP1.4m, dividends of GBP0.3m and the planned reorganisation costs of GBP0.5m, resulting in net cash balances at year-end of GBP2.6m. Cash performance was improved by GBP0.5m of accelerated cash receipts from the year end annual renewal cycle.

These headline figures indicate a leaner, more responsive business better equipped to service its diverse customer base with a coherent set of solutions and services. During the year, the business also took the opportunity to incur an impairment charge against non-core goodwill from historical business combinations of GBP1.7m.

The Board confirms its intention to pay a dividend of at least 1.5 pence per ordinary share for the 2019 financial year, subject to shareholder approval at the forthcoming AGM. The Company expects to announce its final results for the year ended 31 December 2019 at the end of March.

Scott Winner, Chief Executive Officer, commented:

"I'm pleased with the progress made in 2019 and these results bear testament to the operational efficiencies we have implemented. The positive news is wide ranging and includes 6 new customer sales of our Commercial product during the year, having gained significant traction in the SME market which the Group has identified as a key strategic opportunity."

"In addition, we have broadened our offering to new verticals, including Conchord as an IP management solution for the music industry, and look forward to promoting its benefits in 2020. We have also taken steps to strengthen Vista's offering for our customers in the wider publishing industry, and are excited to continue to serve our loyal client base."

For further information contact:

 
  Ingenta Plc 
   Scott Winner, Jon Sheffield        +44 (0) 1865 397 800 
  Cenkos Securities plc 
   Nicholas Wells, Harry Hargreaves   +44 (0) 20 7397 8900 
 

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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(END) Dow Jones Newswires

January 30, 2020 02:00 ET (07:00 GMT)

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