Business
Final Results
Final Results.
About this update from Sysgroup Plc
[{"type":"text","content":"\n \n \n 20 June 2022\n \n \n \n \n \n \n \n \n SysGroup plc\n \n \n \n (\"SysGroup\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n Final results for the year ended 31 March 2022\n \n \n \n \n \n \n SysGroup plc (AIM:SYS), the multi award-winning managed IT services, cyber security and cloud hosting provider, is pleased to announce its audited final results for the period ended 31 March 2022.\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n Financial\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n 2021\n \n \n \n \n \n Change %\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n £14.75m\n \n \n \n \n \n £18.13m\n \n \n \n \n \n -19%\n \n \n \n \n \n \n \n \n Recurring revenue as a % of total revenue\n \n \n \n \n \n \n 87%\n \n \n \n \n \n 79%\n \n \n \n \n \n +8%\n \n \n \n \n \n \n \n \n Gross profit\n \n \n \n \n \n \n £8.92m\n \n \n \n \n \n £10.50m\n \n \n \n \n \n -15%\n \n \n \n \n \n \n \n \n Adjusted EBITDA\n \n \n 1\n \n \n \n \n \n \n £2.82m\n \n \n \n \n \n £2.91m\n \n \n \n \n \n -3%\n \n \n \n \n \n \n \n \n Adjusted EBITDA\n \n \n 1\n \n \n margin %\n \n \n \n \n \n \n 19%\n \n \n \n \n \n 16%\n \n \n \n \n \n +3%\n \n \n \n \n \n \n \n \n Adjusted PBT\n \n \n 2\n \n \n \n \n \n \n £2.04m\n \n \n \n \n \n £2.09m\n \n \n \n \n \n -2%\n \n \n \n \n \n \n \n \n Adjusted Basic EPS\n \n \n 3\n \n \n \n \n \n \n 3.6p\n \n \n \n \n \n 3.5p\n \n \n \n \n \n +3%\n \n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n \n £0.60m\n \n \n \n \n \n £0.21m\n \n \n \n \n \n +192%\n \n \n \n \n \n \n \n \n Basic EPS\n \n \n \n \n \n \n 0.9p\n \n \n \n \n \n 0.5p\n \n \n \n \n \n +80%\n \n \n \n \n \n \n \n \n Cashflow from operations\n \n \n \n \n \n \n £2.47m\n \n \n \n \n \n £2.93m\n \n \n \n \n \n -16%\n \n \n \n \n \n \n \n \n Net cash\n \n \n 4\n \n \n \n \n \n \n £2.99m\n \n \n \n \n \n £1.88m\n \n \n \n \n \n +59%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operational\n \n \n \n \n \n \n \n ·\n \n \n \n \n Completion of the Group's\n project to deliver a unified platform of systems (\"Project Fusion\"), delivering significant benefits across all operations\n \n \n \n \n \n \n ·\n \n \n \n \n Successful migration to SysCloud 2.0, the Group's multi-tenanted cloud platform which went fully live in May 2022, delivering higher client ...