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FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its results for the six months ended 31 August 2020.
Financial Highlights
Six months to 31 August | 2020 | 2019 | Change |
Revenue | £119.6m | £116.7m | +3% |
Gross profit | £48.2m | £48.0m | – |
Adjusted EBITDA* | £21.5m | £22.0m | -2% |
Profit before tax | £7.4m | £8.4m | -12% |
Reported diluted EPS | 21.8p | 24.2p | -10% |
Interim dividend per share | Nil | 8.5p | |
Net debt** | £30.6m | £60.2m | -49% |
*Adjusted for share-based payments and acquisition costs
**Excluding lease obligations
Business Highlights
Donna Troy, Chairman of FD, commented: “During the period we have demonstrated the Group’s resilience while continuing to focus on the considerable opportunity ahead. It is clear that the use of data, particularly streaming operational data, to drive decision-making will become critical for enterprises and COVID-19 will accelerate this trend. Kx technology is ideally placed to be the streaming analytics software of choice that customers and partners trust to solve their most demanding and complex data challenges, and it is our mission to capitalise on that opportunity.
With our new leadership teams in place following a number of senior appointments we are making good progress on our strategic objectives, with enhancements to our internal structures and go-to-market capabilities as well as our technology roadmap. While the current year outcome remains difficult to predict, we are excited by the potential of our business and the capability to significantly accelerate our growth.”