Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n\nARCONTECH GROUP PLC\n(\"Arcontech\" or the \"Company\")\nTrading Update & Notice of Results\n \nArcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that for the year ended 30 June 2023 turnover is expected to be in line with market expectations and adjusted EBITDA and adjusted profit before tax is expected to be ahead of market expectations by approx. 31% and 49% respectively through a combination of lower than anticipated staff related costs arising from lower variable costs and delayed hires. These are expected to be once off savings in the year to 30 June 2023. Expectations for the current financial year therefore remain unchanged. \nFinancial expectations noted above are preliminary and subject to year-end financial close and audit review processes.\nNotice of Results\nThe Company's results for the 12 months ended 30 June 2023 are expected to be announced in early September 2023 and the Board look forward to updating shareholders with further details at that time.\nEnquiries:\n\n\n\n\nArcontech Group plc\n\n\n020 7256 2300\n\n\n\n\nGeoff Wicks, Chairman and Non-Executive Director\n\n\n\n\n\n\n\nMatthew Jeffs, Chief Executive\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nfinnCap Ltd (Nomad & Broker)\n\n\n020 7220 0500\n\n\n\n\nCarl Holmes/George Dollemore\nHarriet Ward (ECM)\n\n\n\n\n\n\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.\n \nAbout Arcontech\nArcontech Group Plc (LSE: ARC) is the leading independent provider of financial market-data infrastructure and display solutions. With multi-source data collection, value added processing, publishing, distribution and display, Arcontech provides a highly performant, cost effective and flexible alternative to traditional market data infrastructure or building it in-house.\nSolutions can be \"off-the-shelf\", customised or completely new developments; Cloud, On-prem or Hybrid. Our deep domain knowledge and automated test suite ensure the right solution at the right time at the right price.\nWe are als...