Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 5515T\n Panoply Holdings PLC (The) \n 21 July 2020\n \n \n \n \n This announcement contains inside information\n \n \n 21 July 2020\n \n \n \n \n \n The Panoply Holdings PLC\n \n \n (\"The Panoply\", or the \"Group\")\n \n \n \n \n \n Trading update \n \n \n and\n \n \n \n Notice of \n \n \n Results\n \n \n \n \n \n \n The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, provides an update on its \n trading \n for the 12 months ended 31 March 2020 together with Q1\n FY 2021\n . This is to provide transparency at a time of market uncertainty.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n Year ended 31 March 2020\n \n \n \n \n \n · \n \n \n \n \n Revenue for 12 months ended 31 March 2020 of £31.5m (unaudited) (FY19 £22.1m****) with Adjusted EBITDA in line with market expectations\n \n \n \n \n \n \n · \n \n \n \n \n Cash as at 31 March 2020 of £4.5m (unaudited) (FY19 £5.7m). This has since risen to £6.8m*** as at 30 June 2020\n \n \n \n \n \n \n · \n \n \n \n \n Preliminary unaudited results to be announced on 30 July 2020\n \n \n \n \n \n \n \n \n Q1 FY 2021\n \n \n \n \n \n · \n \n \n \n \n Record performance for the Group in Q1 FY21, with \n unaudited revenue and Adjusted EBITDA* at £10.1m and £1.7m respectively. This compares with Q1 FY20 unaudited revenue and Adjusted EBITDA on a statutory basis of £6.3m and £0.5m and a like-for-like basis** of £9.2m and £1.1m respectively \n \n \n \n \n \n \n · \n \n \n \n \n Organic revenue growth of 10% on a like-for-like basis**\n \n \n \n \n \n \n · \n \n \n \n \n Organic Adjusted EBITDA growth of 55% on a like-for-like basis\n **\n \n \n \n \n \n \n · \n \n \n \n \n Significant new contract wins were secured in the quarter with a value of £\n 14.0m\n \n \n \n \n \n \n · \n \n \n \n \n Arthurly integrating well into the Group and have \n already participated in winning a significant group wide new client contract \n \n \n \n \n \n \n · \n \n \n \n \n Strong balance sheet with £6.8m*** cash as at 30 June 2020 and net cash of £1.8m, representing a net cash inflow of £2.3m \n \n \n \n \n \n \n · \n \n \n \n \n No use of the government furlough scheme and continuing to recruit to reflect ongoing growth\n \n \n \n \n \n \n \n \n *Adjusted EBITDA is a non-IFRS measure that the Co...