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    Preliminary results for the year ended 28 February 2018

    Preliminary results for the year ended 28 February 2018

    22 May 2018
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    FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2018.

    Financial Highlights

    Revenue £186.0m (2017: £151.7m) +23%
    Adjusted EBITDA* £34.1m (2017: £28.8m) +19%
    Profit before tax £12.1m (2017: £12.5m) -3%
    Adjusted** profit after tax £19.5m (2017: £16.1m) +21%
    Adjusted** fully diluted EPS 72.2p (2017: 61.3p) +18%
    Full year dividend 24.0p per share (2017: 20.0p) +20%
    Net debt £16.2m (2017: £13.5m)

    *Adjusted for share-based payments and acquisition costs

    **Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss of associate and exceptional taxation

    Business Highlights

    • Strong growth in software revenue, up 27% as a result of new contract wins and continued penetration of the existing customer base
    • Strategic progression in our managed services and consulting activities resulting in revenue growth of 17%
    • The implementation and ongoing support of a third-party system for a New York-based bank, representing one of the largest contracts in our history
    • FinTech revenue up 22% to £142.9m (2017: £117.4m), driven by growth in recurring software revenue and an expansion of services provided to clients
    • MarTech revenue up 24% to £38.2m (2017: £30.7m), driven by growth in subscriptions for our Marketing Cloud platform, powered by our Kx technology
    • High-profile client wins including a Fortune 500 manufacturing company, a FTSE 100 gaming company and Aston Martin-Red Bull Racing, leading to inbound interest across a range of markets
    • Continued investment across the Group, including machine learning and AI initiatives, to further penetrate our addressable market in software
    • Boosted capabilities in telco, a key target market, through the acquisition of Telconomics
    • Positive start to the current financial year, with a healthy pipeline of new business

    Click here to read the full press release