First Derivatives Preliminary results for the year ended 28 February 2019

21 May 2019 | ,
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FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its audited results for the year ended 28 February 2019.

Financial Highlights

Year to 28 February20192018Change
Gross profit£91.3m£78.5m+16%
Adjusted EBITDA*£38.9m£34.1m+14%
Profit** before tax£16.7m£12.1m+38%
Adjusted*** profit after tax£22.9m£19.5m+17%
Adjusted*** fully diluted EPS83.2p72.2p+15%
Reported diluted EPS47.9p37.8p+27%
Full year dividend per share27.0p24.0p+13%
Net debt£16.5m£16.2m

*Adjusted for share-based payments and acquisition costs
**Includes foreign currency translation effect and deferred consideration on prior acquisitions
***Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss on associate and exceptional taxation

Business Highlights

  • Revenue growth up 17% (2018: 23%) with software license revenue growing by 28% (2018: 25%)
  • FinTech revenue up 17% to £166.7m (2018: £142.9m), driven by an expansion of services provided to clients and new contract wins including the Canadian Securities Administrators, BitMEX and a major Japanese bank
  • MarTech revenue up 8% to £41.4m (2018: £38.2m), driven by 25% growth in subscriptions for our Marketing Cloud platform, powered by Kx
  • Revenue from other markets increased by 85% to £9.3m (2018: £5.0m), further evidencing the initial success of our strategy to penetrate high-value markets such as Industrial Internet of Things, automotive and precision manufacturing
  • High-profile new client wins across the business including Fingrid, BISTel and Survalent and significant contract expansion and appointment as Innovation Partner with Aston Martin Red Bull Racing
  • Enhanced partnership and collaboration activity including with Amazon Web Services, Google, and CGI
  • Agreement to acquire the minority shareholdings in Kx Systems, taking 100% ownership by 29 June 2019, funded by new financing facilities on improved terms
  • Strong momentum into new financial year combined with record pipeline provides confidence in continued organic growth.

Read the full press release here



Interim Results announced

5 Nov 2019 | , , ,

FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its results for the six months ended 31 August 2019. Financial Highlights Six months to 31st August 2019 2018 Change Revenue £116.7m £105.6m +11% Gross profit £48.0m £43.9m +9% Adjusted EBITDA* £22.0m £18.1m +22% Profit before tax £8.4m £7.6m +12% Reported diluted EPS 24.2p 21.7p +11% Interim […]

Kx parent, First Derivatives announces Interim Results

Interim Results announced

6 Nov 2018 | , , ,

First Derivatives today announces its unaudited results for the six months ended 31 August 2018. Strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for Kx technology across our client base. Continued strong demand within our managed services and consulting activities resulting in revenue growth of 19%. Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries.