DotDigital Group (DOTD)

Sector:

IT Services

Index:

FTSE AIM 50

86.00p
   
  • Change Today:
      0.80p
  • 52 Week High: 106.40
  • 52 Week Low: 70.00
  • Currency: UK Pounds
  • Shares Issued: 306.85m
  • Volume: 565,687
  • Market Cap: £263.89m

DotDigital earnings rise as it looks to 'normalisation' of trading

By Josh White

Date: Tuesday 16 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Marketing automation and customer engagement software company DotDigital reported organic revenue growth of 23% in its final results on Tuesday, to £58.1m.
The AIM-traded firm said recurring revenue, as a percentage of total revenue, increased to 93% for the year ended 30 June, from 91% in the 2020 financial year, while monthly average revenue per customer (ARPC) grew 16% to £1,251.

Adjusted EBITDA grew 9% to £19.8m, and adjusted operating profit was 5% higher year-on-year to £13.7m.

The company said its adjusted earnings per share from continuing operations came in at 4.06p, up from 3.9p in the prior year.

Its board described the firm's net cash balance at year-end as "strong" at £32m, up from £25.4m, as it proposed a final dividend of 0.86p per share, in line with its progressive dividend policy and up from 0.83p for 2020.

Looking ahead, DotDigital said the "normalisation" of its trading environment was continuing as markets transitioned out of lockdowns.

The board said it was assessing the potential varied effects of that move across its "broad and diversified" customer base, adding that it had a "high level of confidence" in the delivery of management expectations for the new financial year, following a strong start.

"We are pleased to report a record year for DotDigital, delivering double-digit organic growth and enhanced profitability as a result of an accelerated uptake of our omnichannel offering," said chief executive officer Milan Patel.

"This performance is testament to our robust business model, as we navigated and supported our customers through the pandemic, and the efforts of our talented and dedicated team.

"The investments we have made in our engagement cloud platform, international hubs and partner network are bearing fruit."

Patel said the company's data-driven marketing automation platform was still 'excelling' in the market as a result of its "feature-rich yet user-friendly" functionality, with the company "well-positioned" to support a growing number of customers looking to drive deeper engagement with consumers through digital marketing.

"As we enter the new year, trading remains strong.

"Our healthy balance sheet, strong recurring revenues and cash generation provides the flexibility to invest in our growth strategy, giving the board confidence in the group's long-term prospects."

At 1113 GMT, shares in DotDigital Group were down 8.68% at 228.31p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DOTD Market Data

Currency UK Pounds
Share Price 86.00p
Change Today 0.80p
% Change 0.94 %
52 Week High 106.40
52 Week Low 70.00
Volume 565,687
Shares Issued 306.85m
Market Cap £263.89m

DOTD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.77% below the market average95.77% below the market average95.77% below the market average95.77% below the market average95.77% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Price Trend
25.37% above the market average25.37% above the market average25.37% above the market average25.37% above the market average25.37% above the market average
17.02% above the sector average17.02% above the sector average17.02% above the sector average17.02% above the sector average17.02% above the sector average
Income
87.14% below the market average87.14% below the market average87.14% below the market average87.14% below the market average87.14% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average
Growth
41.32% below the market average41.32% below the market average41.32% below the market average41.32% below the market average41.32% below the market average
59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% below the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DOTD Dividends

  Latest Previous
  Final Final
Ex-Div 11-Jan-24 12-Jan-23
Paid 31-Jan-24 31-Jan-23
Amount 1.00p 0.98p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 13,007 @ 86.00p
16:35 127 @ 86.00p
16:35 42 @ 86.00p
16:35 2,271 @ 86.00p
16:35 855 @ 86.00p

DOTD Key Personnel

CEO Milan Patel
CFO Alistair Gurney

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