AGM Trading Statement

RNS Number : 3154J

Dillistone Group PLC

11 June 2014

 



11 June 2014

Dillistone Group Plc

("Dillistone" or the "Group")

AGM Trading Statement

At the Annual General Meeting of Dillistone Group Plc, the AIM quoted supplier of software to the recruitment industry, which is being held at 10:30am today, Mike Love, Chairman of Dillistone, will make the following trading statement:

In my Outlook statement released as part of our preliminary announcement in April, we stated "At this stage, while first half revenues are expected to be ahead of the equivalent period for 2013, it is anticipated that first half pre-tax profit will be below that delivered in 2013."

We continue to expect revenues to be ahead and operating profits to be slightly below those to 30 June 2013.  In my Outlook statement I went on to explain that an increasing number of our clients were purchasing on the subscription model, particularly at our largest division, Dillistone Systems. 

Dillistone Systems has continued to sign up new clients at a pleasing rate with a significant number of these being on the subscription model, meaning that they will have very little impact on our first half results but that they will provide improved visibility of revenues over the longer term.

Our Voyager division sees a mixed performance across its product range, with new contract wins including both subscription and outright purchase contracts.

The Group remains confident of making further progress in the full year 2014 and anticipates making announcements regarding updates to its product range later in the year.

Contacts:

Dillistone Group Plc
Mike Love	Chairman		020 7749 6100
Jason Starr	Chief Executive		020 7749 6100
Julie Pomeroy	Finance Director		020 7749 6100
WH Ireland Limited (Nominated adviser)
Chris Fielding	Head of Corporate Finance		020 7220 1650
Winningtons
Tom Cooper / Paul Vann			020 3176 4722
			0797 122 1972

Notes to Editors:

Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of recruitment software. It has three trading businesses operating through two divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); and Voyager Software, which targets other recruitment markets via its Voyager and Infinity products (www.voyagersoftware.com) and its recently acquired FCP Internet business (www.evolvedb.co.uk).

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

 

END

 

 

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