AGM Trading Update

1 December 2022

 

essensys plc

 

("essensys" or the "Group")

 

AGM Trading Update

 

 

essensys plc (AIM:ESYS), the leading global provider of flexible workspace technology, is pleased to provide a trading update ahead of its Annual General Meeting ("AGM") taking place at 9.30am today.

 

essensys has continued to make solid progress against its strategy in the first quarter of the new financial year, delivering total revenue growth of 22% compared to the same period in the prior year.

 

Contracted new business continues to grow in line with management expectations and the Group continues to expand with its existing strategic customers. Significant progress has been made in APAC with the recent signing of significant multi-site landlords in both Singapore and Australia. Notable near-term pipeline activity includes a new multi-site flex customer in the US and a substantial opportunity with an existing customer in France.

 

Based on performance to date, the Board remains confident that the Group's performance for the full year will be in line with market expectations.

 

 

For further information, please contact:

 

essensys plc		+44 (0)20 3102 5252
Mark Furness, Chief Executive Officer
Sarah Harvey, Chief Financial Officer
Alan Pepper, Chief Operating Officer
Singer Capital Markets (Nominated Adviser and Broker)		+44 (0)20 7496 3000
Peter Steel / Harry Gooden / George Tzimas
FTI Consulting
Jamie Ricketts / Eve Kirmatzis / Talia Shirion / Victoria Caton		+44 (0)20 3727 1000

 

About essensys plc

 

essensys is the leading global provider of software and technology for flexible, digitally-enabled buildings, spaces and portfolios. As the intelligent digital backbone, essensys provides a powerful platform that simplifies the delivery and management of next generation, flexible commercial real estate.

 

The real estate industry is transforming - it must be flexible to changing market demands, to accommodate hybrid working styles, agile, move-in ready spaces and the delivery of on-demand digital services.  The office sector is becoming an increasingly digital-first landscape - driven by end-user demand, delivering digitally enabled spaces is key to success. The essensys Platform has been designed and developed to help solve the complex operational challenges faced by landlords and flexible workspace operators as they grow and scale their operations. It helps our customers to deliver a simple, secure and scalable proposition, responding to changing occupier demands, providing seamless occupier experiences, and realising smart building and ESG ambitions.

 

Founded in 2006 and listed on the AIM market of the London Stock Exchange since 2019, essensys is active in the UK, Europe, North America and APAC.