Half-year Report - six months ended 30.9.19
Updated : 07:03
London: Monday 25 November 2019
D4t4 Solutions plc
(the "Group", "D4t4" or "Company")
'ALL ABOUT THE DATA'
Half-year report
Specialists in Data solutions, D4t4 Solutions plc (AIM: D4T4) announces its unaudited interim results for the six months ended 30 September 2019.
"Overall, our business is in a good position and together with a strong pipeline of opportunities makes this an exciting time for the Group."
"Our prospects for H2 are strongly underpinned by a high level of contract renewals from new licences signed during the second half of last year and strong visibility on new contracts due to initiate during H2. This, combined with a significant pipeline of new business in negotiation with existing clients wishing either to increase the footprint of our software or to extend the use of our Hybrid Cloud Data Platform solution."
Key Interim highlights: * | Six months ended 30 September | |
| 2019 | 2018 |
Ø Group revenue** | £8.84m | £13.99m |
Ø Gross profit *** Ø Gross profit margin | £4.58m 51.81% | £7.13m 50.96% |
Ø Group adjusted pre-tax profit *** | £0.74m | £3.35m |
Ø Adjusted EPS **** | 1.76p | 7.37p |
Ø 10% uplift in the interim dividend | 0.77p | 0.70p |
Ø Net cash position | £11.24m | £12.06m |
Ø Net current assets | £11.65m | £8.53m |
* The trading performance reported in this statement is based on unaudited management accounts
** Includes an IFRS15 adjustment of £1.67m
*** Includes an IFRS15 adjustment £1.08m
**** Adjusted for amortisation of acquired intangibles, share based payment charges and foreign exchange gains
Ø Group revenue and adjusted profit** for the period being reported were both in line with management expectations and reflect the anticipated HY2 weighting this year as a result of the timing of contract wins coming on board. This is underpinned by: |
Ø high level of contract renewals from new licences signed during the second half of last year Ø strong visibility on new contracts due to initiate during HY2 Ø significant pipeline of new business in negotiation with existing clients wishing either to increase the footprint of our software or to extend the use of our Hybrid Cloud Data Platform solution
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Ø Excellent new contract wins Hybrid Cloud Data Platform solution wins included: Ø ESME loans (a challenger start-up backed by Nat West/RBS) and Ø Urenco, a world leading nuclear fuel enrichment company
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Celebrus Customer Data Platform software contract wins included: Ø a capacity extension for a Chinese bank and a Taiwanese bank Ø new functionality for a European insurer and a new European retail customer
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Ø Our strategic partnerships continue to move forward, and we have strengthened our relationships with Teradata, Pegasystems, SAS and Dell Technologies
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Ø The Board remains confident in delivering a solid finish to FY20, in line with market expectations. |
To read the Interim report in full, please follow this link: http://www.rns-pdf.londonstockexchange.com/rns/4437U_1-2019-11-24.pdf
Copies will also be made available on the Company's website: http://www.d4t4solutions.com/company-information/investor-relations/
ENQUIRIES |
D4t4 Solutions plc Peter Kear, Chief Executive Officer Tel: +44 (0) 1932 893333 Email: moreinfo@d4t4solutions.com
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finnCap (Nominated adviser & broker) Julian Blunt/Hannah Boros - Corporate Finance Alice Lane - ECM Tel: +44 (0) 20 7220 0500
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TooleyStreet Communications (IR & media relations) Fiona Tooley: Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com |
EDITOR'S NOTE -
D4t4 Solutions plc
'ALL ABOUT THE DATA'
D4t4 Solutions plc operates within the fast-growing data and analytics market. This market encompasses 'big data', artificial intelligence, machine learning and the business intelligence market; this market which has been estimated to be valued at U$189 billion by the global independent analyst International Data Corporation (IDC), with a projected growth of 13.2% annually until 2022 when the market is anticipated to be worth circa.U$274 billion.
The business is focused on the finance and consumer sectors. The specific areas of focus for D4t4 are data and analytics related to the collection of data on how consumers interact with digital channels, the management and analysis of that data and the implementation of cost-effective platforms to assist companies get real value from their data assets. Celebrus, our software product is a customer data platform that is in a market, according to research by the Customer Data Platform Institute (CPDI), that is expected to grow from £300m in 2016 to £1bn in 2019-20.
We service clients in 22 countries. We are energetically focused on data platforms that enable clients who operate within the financial services, retail and consumer sectors to get the most from their data. From capture, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.
We are accredited to ISO27001: Information Security Management.
To find out more, visit www.d4t4solutions.com
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