Business
AGM Statement
AGM Statement.
About this update from Eagle Eye Solutions Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7503S\n Eagle Eye Solutions Group PLC\n 18 November 2021\n \n \n \n \n \n \n \n 18 November 2021\n \n \n \n \n \n Eagle Eye Solutions Group plc\n \n \n (\"Eagle Eye\", the \"Group\", or the \"Company\")\n \n \n \n \n \n AGM Statement\n \n \n \n \n \n Expanding customer relationships deliver revenue and EBITDA growth\n \n \n Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, is pleased to provide the following trading update, ahead of the Company's Annual General Meeting (\"AGM\") to be held at 1.00 p.m. today.\n \n \n \n \n \n The Group has had a positive start to the financial year, delivering revenue growth of 35% in Q1 versus the prior year, an increase from the Q4 FY21 growth of 27%. As a result, the Board now expects adjusted EBITDA for the full year ending 30 June 2022 to be comfortably ahead of management expectations. This strong start to the financial year will allow the business to increase its investment in people to support future growth and capitalise on the global shift towards personalised digital marketing by retailers. \n \n \n \n \n \n This strong performance has principally been driven by the significant customers won in prior periods moving into the transactional phase, including Woolworths, Staples US Retail and Virgin Red. The Group's broadening client base has delivered revenue growth across all of its major geographical regions of North America, UK & Europe and Australia & New Zealand.\n \n \n \n \n \n In Q1, the Group has continued to deliver new customer wins and deepened its existing relationships, with highlights including the expansion of the Pret a Manger coffee subscription service into France and in the USA, the selection of Eagle Eye by Halfords Group plc as a partner to deliver a customer engagement solution with a targeted launch in early 2022, and a trial with existing customer, Asda, for a new loyalty programme, Asda Rewards.\n \n \n \n \n \n Following the full lifting of lockdown in the UK in July 2021, the Group has seen a normalisation within its Food & Beverage and Non-Grocery revenue. The Group is now actively developing new brand customer discussions to capitalise ...