Share Name Share Symbol Market Type Share ISIN Share Description
The Panoply Holdings Plc LSE:TPX London Ordinary Share GB00BGGK0V60 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 77.50 70.00 85.00 77.50 77.50 77.50 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.2 -1.6 -9.2 - 38

Panoply Holdings PLC (The) Trading update

09/05/2019 7:00am

UK Regulatory (RNS & others)


The Panoply (LSE:TPX)
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1 Year : From Nov 2018 to Nov 2019

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RNS Number : 4355Y

Panoply Holdings PLC (The)

09 May 2019

9 May 2019

The Panoply Holdings PLC

("The Panoply", or the "Group")

Trading update

The Panoply, a digitally native technology services company, today announces a trading update for the year ended 31 March 2019 ("FY19").

The Board is pleased to announce that it expects to report revenue and EBITDA performance in line with expectations when it publishes its maiden full year results, following its successful IPO and Admission to trading on AIM in December 2018. This performance has been driven by an increase in customer numbers across its constituent companies and particularly from work in the government and not-for-profit sectors. At the year end the Group had net cash* of GBP4.9 million.

Since the Group's IPO, a further three acquisitions have been concluded and the relevant integration of those businesses largely completed. Investments have also been made into new business units which complement and expand the Group's existing services and expertise, and which can generate future revenue streams, including TPX human+ which was launched at the end of February.

Neal Gandhi, CEO of The Panoply, stated:

"I'm delighted with the progress that we have made in the year. The IPO was clearly the most significant milestone as it brought together four outstanding companies, ideally placed to manage the digital transformation needs of today's world, and provided us with the platform to attract other, like minded visionary companies. It has been particularly pleasing to witness the high levels of collaboration across the business units as they each strive to maximise opportunities for the wider Group.

"With a healthy pipeline of potential acquisition opportunities and as our investment opportunities develop further, we look forward to the future with confidence."

* net cash is cash at bank (GBP5.6m) less consideration payments to be made in connection with acquisitions made by the Group (GBP700k)

Enquiries:

 
  The Panoply Holdings 
    Neal Gandhi (CEO)                 Via Alma PR 
    Oliver Rigby (CFO) 
 
    Stifel Nicolaus Europe Limited    +44 (0)207 710 7600 
    (Nomad and Broker) 
   Fred Walsh 
    Alex Price 
    Neil Shah 
    Luisa Orsini Baroni 
 
   Alma PR                           panoply@almapr.co.uk 
    (Financial PR)                    +44(0)203 405 0206 
    Josh Royston                      07780 901979 
    Susie Hudson 
 

About The Panoply

The Panoply is a digitally native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.

www.thepanoply.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.

END

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May 09, 2019 02:00 ET (06:00 GMT)

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