Business
Trading update
Trading update.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 4355Y Panoply Holdings PLC (The) 09 May 2019 \n\n9 May 2019\nThe Panoply Holdings PLC\n(\"The Panoply\", or the \"Group\")\nTrading update\nThe Panoply, a digitally native technology services company, today announces a trading update for the year ended 31 March 2019 (\"FY19\").\nThe Board is pleased to announce that it expects to report revenue and EBITDA performance in line with expectations when it publishes its maiden full year results, following its successful IPO and Admission to trading on AIM in December 2018. This performance has been driven by an increase in customer numbers across its constituent companies and particularly from work in the government and not-for-profit sectors. At the year end the Group had net cash* of £4.9 million.\nSince the Group's IPO, a further three acquisitions have been concluded and the relevant integration of those businesses largely completed. Investments have also been made into new business units which complement and expand the Group's existing services and expertise, and which can generate future revenue streams, including TPX human+ which was launched at the end of February.\nNeal Gandhi, CEO of The Panoply, stated:\n\"I'm delighted with the progress that we have made in the year. The IPO was clearly the most significant milestone as it brought together four outstanding companies, ideally placed to manage the digital transformation needs of today's world, and provided us with the platform to attract other, like minded visionary companies. It has been particularly pleasing to witness the high levels of collaboration across the business units as they each strive to maximise opportunities for the wider Group.\n\"With a healthy pipeline of potential acquisition opportunities and as our investment opportunities develop further, we look forward to the future with confidence.\"\n* net cash is cash at bank (£5.6m) less consideration payments to be made in connection with acquisitions made by the Group (£700k)\nEnquiries:\n\n\n\n\n\n\nThe Panoply Holdings\nNeal Gandhi (CEO)\nOliver Rigby (CFO)\n \nStifel Nicolaus Europe Limited\n(Nomad and Broker)\n\n\n \nVia Alma PR\n \n \n+44 (0)207 710 7600\n\n\n\n\nFred Walsh\nAlex Price\nNeil Shah\nLuisa Orsini Baroni\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlma PR\n(Financial PR)\nJosh Royston\nSusie Hudson\n\n\npano...