Kainos Trading Statement

RNS Number : 6755V

Kainos Group plc

16 April 2021

 

16 April 2021

Kainos Group plc

("Kainos" or "the Company")

Trading Update

Kainos Group plc (KNOS), a leading IT provider, operating in two specialist divisions, Digital Services and its Workday Practice, today issues a trading update for the year ended 31 March 2021.

The momentum outlined in the trading statement dated 22 January 2021 has been maintained in this most recent period and we expect our results for the year ended 31 March 2021 to be at the upper end of current market consensus forecasts.

In both of our divisions, demand from existing and new customers has continued to be robust, despite the uncertainty generated by Covid-19. We are grateful for the continued trust that our customers place in Kainos as we help in the delivery of their key digital transformation projects.

Along with the support of our customers, we recognise that our business performance has been driven by the exceptional commitment of our people who have demonstrated phenomenal energy, flexibility and resilience throughout the Covid-19 pandemic.  Following strong recruitment, the number of employees and contractors worldwide has increased by 309, to reach a total of 2,024 people at the end of March 2021.

Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in the outlook.  And whilst we are mindful of the ongoing challenges caused by Covid-19, we believe that we are well-positioned for further growth and remain confident in our strategy.

The announcement of our results for the full year ended 31 March 2021 will be made on 24 May 2021.

Ends

For further information, please contact:

Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer

Investec Bank plc   [phone]
Patrick Robb / Ben Griffiths

Canaccord Genuity   [phone]
Simon Bridges / Emma Gabriel 

FTI Consulting LLP   [phone]
Matt Dixon / Dwight Burden / Kwaku Aning

About Kainos

Kainos Group plc is a UK-headquartered provider, operating in two specialist divisions, Digital Services and its Workday Practice. 

The Group's Digital Services include full lifecycle development and support of customised Digital Services for public sector, healthcare and commercial customers. These transformative solutions encompass a range of services from experience design to Artificial Intelligence and Cloud to deliver truly intelligent solutions that are secure, accessible and cost-effective.

The Group's Workday Practice is one of Workday's most respected partners. As a full-service partner, we are experienced in complex deployment and integrations, and the leader in Workday test automation. We're trusted by our customers to launch, test, expand and safeguard their Workday systems.

Kainos has over 2,000 people across 12 offices in Europe and North America.

Kainos is listed on the London Stock Exchange (LSE: KNOS). For further information, please visit www.kainos.com.

 

END

 

 

TSTIAMJTMTJBTLB