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



FD to buy out minority Kx Systems shareholders

2 Jul 2018 | , ,

FD (AIM:FDP.L, ESM:FDP.I) announces that it has reached agreement with the minority shareholders of Kx Systems, Inc. (“Kx Systems”), a subsidiary of the Group, regarding the acquisition by FD of their entire remaining shareholding (the ‘Transaction’). Upon completion of the Transaction, which is expected to take place on or before 29 June 2019, FD will own 100% […]