By Iain Gilbert
Date: Tuesday 21 Jul 2020
LONDON (ShareCast) - (Sharecast News) - Technology-enabled services group Panoply said on Tuesday that revenues had shot up in the twelve months ended 31 March.
Panoply said sales increased to £31.5m from £22.1m a year earlier, while adjusted underlying earnings ended the period in line with market expectations.
As far as the new year was concerned, the AIM-listed group said it had delivered a record performance in the first quarter, with unaudited revenues and adjusted underlying earnings at £10.1m and £1.7m, respectively.
Panoply added that significant new contract wins totalling £14m had been secured in the quarter, while organic revenue growth came in at 10% and organic adjusted EBITDA growth was 55% on a like-for-like basis.
Thanks to the strong start to the new financial year, Panoply now expects full-year revenues and adjusted EBITDA to be "significantly above" current market expectations.
Chief executive Neal Gandhi said: "Panoply finds itself in one of the few sweet spots in the economy; that of digital transformation in public services. Our strong start to the year, which comes off the back of a good performance in Q4 FY20, and has continued into Q2 shows that momentum and excitement around the Group is increasing."
As of 1030 BST, Panoply shares had surged 27.57% to 94.40p.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 16.75p |
Change Today | -1.75p |
% Change | -9.46 % |
52 Week High | 44.50p |
52 Week Low | 16.75p |
Volume | 159,610 |
Shares Issued | 92.16m |
Market Cap | £15.44m |
Value |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Price Trend |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Income | ![]() |
---|
Growth |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 19-Jan-23 | 06-Oct-22 |
Paid | 27-Jan-23 | 14-Oct-22 |
Amount | 0.30p | 0.60p |
Time | Volume / Share Price |
16:28 | 4,514 @ 16.95p |
16:14 | 2,000 @ 16.95p |
15:47 | 3,000 @ 17.00p |
15:46 | 1,000 @ 17.00p |
15:13 | 554 @ 17.40p |
You are here: research