Business
Trading Update
Trading Update.
About this update from Dotdigital Group Plc
[{"type":"text","content":"\n\n29 July 2024\nDotdigital Group plc\n(\"Dotdigital\", the \"Company\", or the \"Group\")\n \nTrading Update\n \nA year of financial and strategic progress\n \nDotdigital Group plc (AIM: DOTD), the leading SaaS provider of an all-in-one customer experience and data platform (CXDP), announces a trading update for the year ended 30 June 2024 (\"FY 2024\"). The trading performance reported in this statement is based on unaudited management accounts.\n \nHighlights\n \n\n\n\n\n· \n\n\nRevenue and Adjusted EBITDA and profit before tax are expected to be in line with market expectations for the full year1\n\n\n\n\n· \n\n\nRevenue growth of 14.1% to £79.0m (FY23 £69.2m), of which 94% is recurring and repeat revenue (FY23: 94%)\n\n\n\n\n· \n\n\nOrganic revenue (excluding Fresh Relevance which was acquired during the year) increased by 9% in constant currency (7% on a reported basis) to £74.3m\n\n\n\n\n· \n\n\nOrganic average revenue per customer (ARPC) (excluding Fresh Relevance) growth of 15% to £1,861 per month continues in line with customer revenue growth\n\n\n\n\n· \n\n\nCash balance on 30 June 2024 of £42.2m (31 December 2023 of £37.1m) is ahead of market expectations, following strong cash generation, providing the flexibility to invest in the organic and acquisition growth strategy\n\n\n\n\n· \n\n\nIntention to pay increased final dividend in line with market expectations\n\n\n\n\n· \n\n\nIntegration of the Fresh Relevance teams, operations and product now complete and driving pipeline growth\n\n\n\n\n \nOverview\n \nThe Board is pleased to report a strong performance for the year delivering both organic and acquisitive growth.\n \nA highlight of the year has been the substantial advancements delivered to the Group's CXDP offering through continued internal development as well as the integration of Fresh Relevance, bringing enhanced personalisation functionality to the platform. The integration of the Fresh Relevance team, product and operations have been completed, along with associated cost synergies realised ahead of plan.\n \nThe expanded product offering, includin...