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Final Results for the year ended 30 June 2019

  • Created on the 22 August, 2019.
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22/08/2019

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Final Results for the year ended 30 June 2019

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce its final audited results for the year ended 30 June 2019.

Financial Highlights:

• Revenue increased by 18% to £2,966,788 (2018: £2,519,699)
• Profit before tax of £1,057,143 (2018: £575,632)
• Revenue and profit before and after tax increased by £125,426 on adoption of IFRS 15
• Cash balances up 27% £4,063,484 (2018: £3,210,058)
• Fully diluted earnings per share of 8.35p (2018: 7.09p)
• Final dividend of 2.0 pence per share (2018: 1.3 pence per share)

Operational Highlights:

• Doubled number of paying desktop software solution users to 90
• Sold 300 Excelerators taking total users to 1,410
• Building a RESTful interface to provide access to more data sources
• Added new pre-sales resource
• Strong cash generation and recurring revenue

Commenting on the results, Richard Last, Chairman of Arcontech said:
“As a business we face a number of uncertainties: Brexit and changes taking place in the financial markets, as well as with our competitors. However, against this backdrop, our customer relationships remain strong. We are a global business and believe we offer excellent levels of support and operational flexibility as well as significant competitiveness, hence, we would expect to see continued growth, despite the macro climate. Our pipeline of prospects remains positive, albeit, as we have consistently noted, the outlook needs to be tempered by the traditionally long and complex sales cycles that are a feature of our business.”

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Please click here to view full details of the Final Results RNS: Arcontech Group PLC – Final Results 2019