Contact Us


    Thank you

    We will be in contact shortly.

    First Derivatives Full year results for the year ended 29 February 2020

    19 May 2020

    FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its audited results for the year ended 29 February 2020.

    Financial Highlights

    Year to 29 February20202019Change
    Revenue£237.8m£217.4m+9%
    Gross profit£101.1m£91.3m+11%
    Adjusted EBITDA*£45.5m£38.9m+17%
    Profit** before tax£18.3m£16.7m+9%
    Reported diluted EPS54.2p47.9p+13%
    Full year dividend per share8.5p27.0p-69%
    Net debt ***£49.4m£16.5m

     

    *Adjusted for share-based payments and acquisition costs; FY 2020 adjusted EBITDA (excluding impact of IFRS 16): £41.4m (+6%)

    **Includes foreign currency translation effect and deferred consideration on prior acquisitions

    ***Excluding lease obligations under IFRS 16

     

    Business Highlights

    • Software revenue up 13% to £148.4m (2019: £130.9m), driven by 23% growth in recurring software license revenue.
    • Significant contract wins in our core FinTech market and progress in our drive to achieve market leadership by building out the capabilities of our solutions.
    • Partner agreements and contract wins across our target markets of automotive, manufacturing and energy as we focus on those markets where Kx provides the greatest competitive advantage, including a global Kx partnership agreement announced separately today with Tata Consultancy Services (TCS).
    • MRP Prelytix subscription revenue up 33% to £25.6m (2019: £19.3m) as we increase the platform’s functionality and it becomes recognised as a leader in its market.
    • Managed services and consulting revenue up 3% to £89.4m (2019: £86.5m) with strong order intake in H2 but lower growth due to a delayed start to two multi-year contracts.
    • Launch of Kx 4.0 with increased performance, security, visualisation and machine learning capabilities to spearhead our push to wide adoption of Kx across industries.
    • Finalisation of the acquisition of the minority shareholdings in Kx Systems, taking 100% ownership, funded by new financing facilities which provide flexibility to support the Group’s growth plans.
    • Appointments of Seamus Keating as Chief Executive Officer and Donna Troy as Chairman in January 2020.

    Webcast Recording
    You can watch a replay of our analyst presentation from 19th May 2020 by clicking here.

    Read the full RNS release here

    Cookie notice

    We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.