By Iain Gilbert
Date: Tuesday 21 Jul 2020
LONDON (ShareCast) - (Sharecast News) - Technology-enabled services group Panoply said on Tuesday that revenues had shot up in the twelve months ended 31 March.
Panoply said sales increased to £31.5m from £22.1m a year earlier, while adjusted underlying earnings ended the period in line with market expectations.
As far as the new year was concerned, the AIM-listed group said it had delivered a record performance in the first quarter, with unaudited revenues and adjusted underlying earnings at £10.1m and £1.7m, respectively.
Panoply added that significant new contract wins totalling £14m had been secured in the quarter, while organic revenue growth came in at 10% and organic adjusted EBITDA growth was 55% on a like-for-like basis.
Thanks to the strong start to the new financial year, Panoply now expects full-year revenues and adjusted EBITDA to be "significantly above" current market expectations.
Chief executive Neal Gandhi said: "Panoply finds itself in one of the few sweet spots in the economy; that of digital transformation in public services. Our strong start to the year, which comes off the back of a good performance in Q4 FY20, and has continued into Q2 shows that momentum and excitement around the Group is increasing."
As of 1030 BST, Panoply shares had surged 27.57% to 94.40p.
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Currency | UK Pounds |
Share Price | 31.00p |
Change Today | 0.50p |
% Change | 1.64 % |
52 Week High | 53.50 |
52 Week Low | 29.80 |
Volume | 211,767 |
Shares Issued | 92.16m |
Market Cap | £28.57m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 19-Jan-23 | 06-Oct-22 |
Paid | 27-Jan-23 | 14-Oct-22 |
Amount | 0.30p | 0.60p |
Time | Volume / Share Price |
16:21 | 145 @ 30.02p |
12:26 | 134 @ 30.95p |
09:00 | 995 @ 29.80p |
09:00 | 995 @ 29.80p |
08:53 | 210,030 @ 30.00p |
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