Business
Year end trading update
Year end trading update.
About this update from Dotdigital Group Plc
[{"type":"text","content":"\n \nRNS Number : 2084M dotDigital Group plc 15 July 2014 \n \n\nFOR IMMEDIATE RELEASE 15 JULY 2014\n \n \ndotDigital Group Plc\n(\"dotDigital, the \"Company\" or the \"Group\")\n \nTRADING UPDATE \nYear Ended 30 June 2014\n \nA year of further strong organic growth\n \n \ndotDigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service (\"SaaS\") and managed services to digital marketing professionals, provides a trading update for the year-ended 30 June 2014, ahead of its full year results which are expected to be announced mid-October. \n \nThe Board is extremely pleased with the Company's performance and now anticipates that full year EBITDA will be slightly ahead of the current market forecast of £4.3m. This performance is a result of continued strong organic growth in the high margin and long-term recurring revenues generated by our core email marketing product, dotMailer.\nFinancial Highlights\n \nWithin the core products division, revenues for the 12 month period grew by 32% compared to the same period in 2013, resulting in closing cash at the end of the period of £9.3m (2013: £6.1m).\n \nA summary of revenues by division for the full year to 30 June 2014 is provided below: \n \n\n\n\n\nRevenue £m\n\n\n12m to 30.06.14\n\n\n12m to 30.06.13\n\n\n% Change\n\n\n\n\ndotMailer Marketing Automation\n\n\n£16.1m\n\n\n£12.2m\n\n\n32%\n\n\n\n\nDiscontinued *\n\n\n£0.3m\n\n\n£1.6m\n\n\n-81%\n\n\n\n\nTotal Group\n\n\n£16.4m\n\n\n£13.8m\n\n\n19%\n\n\n\n\n \n* In March 2013 the Board announced its plans to wind down the Group's Search Marketing and Web Design Division, 'dotAgency', whilst ...