Business
Half-year Report
Half-year Report.
About this update from Essensys Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1054T\n essensys PLC\n 23 March 2021\n \n \n \n \n 23 March 2021\n \n \n \n \n \n essensys plc\n \n \n (\"essensys\" or the \"Group\")\n \n \n \n \n \n Half year results for the six months ended 31 January 2021\n \n \n \n \n \n Performance in line with management expectations - strong US momentum; UK resilient\n \n \n \n \n \n \n \n \n essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces unaudited results for the half year ended 31 January 2021. All information relates to this period, unless otherwise specified.\n \n \n \n \n \n Current trading and outlook:\n \n \n \n \n \n \n \n \n \n · \n Trading since the period end has continued in line with our expectations, with increased visibility of longer term pipeline of business:\n \n \n o \n The Group has 51 Connect sites contracted for delivery post half year end\n \n \n o \n Sales activity levels and bookings are increasing month on month\n \n \n o \n Early signs of improved activity levels within existing customer base however timing of implementation remains uncertain due to the ongoing, albeit reducing, impact of Covid-19\n \n \n \n \n \n · \n Underlying office occupancy has started to recover noticeably following the very recent announcements regarding the route out of lockdown in the UK which is expected to lead to a recovery in Marketplace revenues in due course\n \n \n \n \n \n ·\n Business development activity is accelerating, particularly in the broader real estate sector where the Group is now engaged with three of the world's largest real estate firms creating a significant long term growth opportunity. Engagement with landlords and real estate investors, including those with global portfolios, is increasing and a number of our existing flexible workspace operator customers are re-starting their expansion programmes. \n \n \n \n · \n The existing contracted pipeline, increased sales bookings and improved customer activity levels means that the Board continues to expect results for the current year to be in line with market expectations. The Group's performance during Covid-19 has demonstrated the resilie...