AGM Statement

RNS Number : 5914Y

D4T4 Solutions PLC

23 August 2018

 

D4t4 Solutions Plc

'ALL ABOUT THE DATA'

'SOLUTIONS FOR COMPLEX DATA PROBLEMS'

ANNUAL GENERAL MEETING STATEMENT

London: Thursday 23 August 2018: At today's Annual General Meeting which is being held at the Company's headquarters at 10:00hrs Peter Simmonds, Non-Executive Chairman will deliver the following statement on behalf of the Board to shareholders present:

"As a Company we were delighted to report in our last financial report a 13.7% increase in organic top-line growth and more importantly that through our ability to maintain our gross profit margins we delivered a 22% growth in underlying profitability."

"This outcome was a very satisfactory and solid performance, reflecting our ongoing focus on our higher margin real-time customer data platform (CDP) software , and our hybrid cloud data platform services business which has set us in good stead to deliver year on year growth for the year ending March 2019."

"We are already seeing encouraging returns from our business investment programme; including improvements to our CRM, accounting, management support and reporting systems.  We have also invested in our partner-based sales strategy and, during the year, we will continue to scale up these relationships which will deliver further rewards both this year and in the future."

"Our pipeline of sales opportunities in the UK and internationally is growing and we are very excited by the many opportunities that are presenting themselves.  This was underpinned last week when we were delighted to update shareholders with news that in this first half, we had successfully won several new, and extensions to existing, Data Management and Data Collection contracts in our key vertical sectors (financial services and consumer organisations).  These multi-year projects have been on the back of demand for both our Celebrus software product set and our hybrid cloud data platform services which have seen good traction particularly in the North American and EMEA markets.  This also puts us on track to return to more normalised levels of business weighting for the first half of this current financial year, against the comparable period last year."

"In addition, the Company announced in its final results statement released on 26 June 2018 that the debtor balance owing was £19.5 million as at 31 March 2018, due to the business weighting occurring late in the second half. The Company confirms that it has received payment of the £19.5 million and therefore now has a strengthened cash balance, providing the Company significant flexibility to execute on corporate strategy."

"As a Board, we believe that D4t4 has a clear strategy in place that will allow it to develop and deliver on the opportunities ahead and these will deliver sustainable growth and enable us to achieve our ambitious plans over the coming months and years."

"In summary, the group remains committed to a progressive dividend policy based on the overall performance whilst also balancing its investments for future growth.  Our balance sheet is in good shape, with no debt and the Company remains strongly cash generative.  Combine this with the people, skill set and the flexibility to keep moving forward; the Board remains confident of delivering on its expectations for the year ahead."

"We look forward to keeping shareholders abreast of the exciting developments within the business as we progress through the year and at the time of our Half -year results which will be released in November."

Link to RNS "Contract wins 14 August 2018": https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/D4T4/13753871.html.

ENQUIRIES D4t4 Solutions Plc Peter Kear, Chief Executive Officer Carmel Warren, Chief Financial Officer Tel: [phone] Email: [e-mail]

finnCap (Nominated adviser & broker) Adrian Hargrave/Emily Watts - Corporate Finance Tel: [phone]

TooleyStreet Communications (IR & media relations) Fiona Tooley: Tel: [phone] or email: [e-mail]

'ALL ABOUT THE DATA' - 'SOLUTIONS FOR COMPLEX DATA PROBLEMS' D4t4 Solutions Plc (AIM: D4T4) operates within the fast-growing data and analytics market.  This market encompasses 'big data', artificial intelligence, machine learning and the business intelligence market; this market which has been estimated to be valued at U$150 billion by the global independent analyst International Data Corporation (IDC), with a projected growth of 11.9% annually until 2020 when the market is anticipated to be worth U$210 billion. The business is focused on the finance and consumer sectors.  The specific areas of focus for D4t4 are data and analytics related to the collection of data on how consumers interact with digital channels, the management and analysis of that data and the implementation of cost effective platforms to assist companies get real value from their data assets.  Celebrus, our software product, is a customer data platform that is in a market, according to research by the Customer Data Platform Institute (CPDI), that is expected to grow from £300m in 2016 to £1bn in 2019. We service clients in 21 countries. Our people and intellectual property combine to create four core capabilities: v Data capture software (Celebrus) and skills v Data management facilities and skills v Data analytics capabilities and solutions  v Data platforms that are on premise or in the cloud and combine hardware, software and services. We are energetically focused on data platforms that enable clients who operate within the financial services, retail and consumer sectors to get the most from their data. From capture, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.  We are accredited to ISO27001: Information Security Management and PCI Data Security Standard.  To find out more, visit www.d4t4solutions.com

 

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