REG - Dillistone Group PLC - Trading Update & Notice of Results

DillistoneAnnouncement

30/01/2024 07:00

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RNS Number : 2792B  Dillistone Group PLC  30 January 2024

30 January 2024

 

Dillistone Group Plc

("Dillistone", the "Company" or the "Group")

Trading Update & Notice of Results

Dillistone Group Plc, the AIM quoted supplier of software and services for
recruiters, provides a trading update for the 12 months ended 31 December
2023.

Trading Update:

The Board is pleased to report that it expects its 2023 results to show
continuing progress in its turnaround, with profit measures in line with
expectations. This is expected to result in a first adjusted operating profit
since 2018 and a significant improvement in EBITDA.

In its Interim Results announcement released on 26 September 2023, the Board
noted the challenging economic conditions, which had worsened in Q2. Since
then, conditions have deteriorated further, as demonstrated by a number of
recent announcements made by recruiters about trading conditions in Q4.

Nevertheless, due to the investments made in internal systems and technology,
the Group can now react rapidly to changes in demand. The Board is therefore
pleased to note that the return to profitability is expected to be delivered
while the Group continues to maintain investment in product development. As a
result, the Board is confident that, when the recruitment sector does return
to growth, the Group's products will be well positioned to take advantage.

The Group today enjoys recurring revenues forecast to cover over 100% of
administrative expenses, so providing a strong base for the future and giving
the Board confidence in its ability to deliver further progress in 2024.

Notice of Results:

The Board expects to release final results for the 12 months to 31 December
2023 by early May.

 

Contacts:

 

 Dillistone Group Plc                                Via Walbrook PR
 Jason Starr             Chief Executive
 Ian Mackin              Finance Director

 WH Ireland Limited (Nominated adviser)
 Chris Fielding          Head of Corporate Finance  020 7220 1650

 Walbrook PR
 Tom Cooper / Nick Rome                             020 7933 8780
                                                    dillistone@walbrookpr.com

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").  Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Ian Mackin, Finance Director of the Company.

 

Notes to Editors:

 

Dillistone Group Plc is a leader in the supply and support of software and
services to the recruitment industry. Dillistone operates through the Ikiru
People (www.IkiruPeople.com (https://www.ikirupeople.com/) ) brand.

 

The Group develops, markets and supports the Talentis, FileFinder, Infinity,
Mid-Office, ISV and GatedTalent products.

 

Dillistone was admitted to AIM, a market operated by the London Stock Exchange
plc, in June 2006.

 

Learn about our products:

Talentis Software:
https://www.talentis.global/recruitment-software/
(https://www.talentis.global/recruitment-software/)

Voyager Software:
https://www.voyagersoftware.com (https://www.voyagersoftware.com)

GatedTalent Executive Jobs:
https://www.talentis.global/all-jobs (https://www.talentis.global/all-jobs)

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