Trading Update & Notice of Results

RNS Number : 9418N

Dillistone Group PLC

04 February 2016

 

4 February 2016

Dillistone Group Plc

Trading Update & Notice of Results 

The Board of Dillistone Group Plc ("Dillistone" or the "Group"), the AIM quoted supplier of software for the international recruitment industry through its Dillistone Systems and Voyager Software divisions, is pleased to provide a trading update for the 12 months ended 31 December 2015.

We are pleased to confirm that pre-tax profits before acquisition related items are expected to be in line with market expectations.  The Group is expecting to report an increase in revenue approaching 10%, with both divisions delivering organic growth.  Product development has continued to be a priority throughout 2015 with a number of upgrades and new product launches successfully achieved and more expected in 2016.

The Group has enjoyed a promising start to the year with new business order levels in January up on those seen in the previous two years in both divisions.  In addition, the Group has a strong prospect pipeline.

As a result, the Board is optimistic about making further progress in 2016.  However it is also mindful of wider economic influences and their potential to impact on the performance of the business.  The Group remains profitable and cash generative and continues to follow a progressive dividend policy, subject to the needs of the business.

Dillistone expects to announce its preliminary results for the year to 31 December 2015 in the week beginning 25 April 2016.

Enquiries:

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
Walbrook PR
Tom Cooper / Paul Vann		020 7933 8780
		0797 122 1972
		[e-mail]

Notes to Editors:

Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has four 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 (www.voyagersoftware.com).

Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014.  The Group operates under the FileFinder, Infinity, Evolve and ISV brands.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.  The Group employs over 100 people globally with offices in London (head office) Basingstoke and Southampton, Frankfurt, New Jersey and Sydney.

 

END

 

 

TSTLLFSIFTIVIIR