Business
AGM Trading Update
AGM Trading Update.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \nRNS Number : 5287S Dillistone Group PLC 26 June 2018 \n\n \nDillistone Group Plc\n(\"Dillistone\" or the \"Group\")\nAGM Trading Update\n \nDillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce a trading update ahead of its Annual General Meeting to be held at 10.30am today at 50 Leman St, London, E1 8HQ.\nThe first five months of the year has seen strong incoming orders, with both Voyager Software and Dillistone Systems reporting incoming orders well ahead of the same period in 2017. The previously announced loss of a major client and the impact of exchange rates have had a negative impact on recurring revenues compared to the same period in the previous year however the Board is aiming to deliver a growth in profits year on year, prior to the impact of the anticipated GatedTalent loss, acquisition related items and the impact of IFRS15 adjustments.\nThe first half has also seen us generate our first revenues from GatedTalent, our new portal which allows executives to share information with trusted recruiters.\nPrior to launch, our expectation was that the General Data Protection Regulations (\"GDPR\") would lead to our clients sending in the region of 1,000,000 Compliance Messages to senior executives around the World. We are pleased to report that, with approximately half of our clients still to complete the initial mailings, we have already significantly surpassed this number and the product has performed well from a technical perspective.\nWe anticipated that a certain percentage of individuals receiving Compliance Messages via emails would subsequently visit our website and as a result create profiles. Conversion rates among our early adopters were good. However, as the volume of GDPR compliancy emails from all sources increased, recipients increasingly failed to open them. Ultimately, the number of profiles created from those initial mailings is disappointing.\nHowever, we are pleased to see that of the executives who do land on our website following receipt of a GDPR message, approximately 8% do create profiles. Furthermore, we have explored alternative approaches to creating profiles and as a result, profile numbers are growing. Our current expectation is that we will see an acceleration in profiles created on the pla...