17:00 Wed 29 May 2019
Rosslyn Data Tech. - Trading Update
("RDT" the "Group")
Trading Update
Following the integration of
It is expected that results for the Group will show Revenue growth of 8.3% to
Investment into research and development amounted to
Excluding bank debt, the cash balance at the year-end was
Our cost base reduced during the year, with Operating expenditure of
We have invested in product development to broaden out the RAPid product offering, adding new tools and functionality and also fully integrating functionality from the
During the year, we secured numerous high value contracts in various sectors including International Logistics, Civil Defence, Healthcare and Pharma. This illustrates the broad appeal of our offering across the Supply Chain to Chief Procurement Officers and Chief Financial Officers in a wide range of sectors. The Group is in discussions regarding contracts with additional high value blue chip targets in the current year which, while they take longer to negotiate, and their timing is harder to predict, would provide upside to the Group.
We believe that this year of consolidation is important in allowing us to accelerate growth in the coming years from a sound base. With an enhanced board, a focussed team and an advanced suite of products to address a market that is much more aware of the opportunities presented by data analytics, the Group is well positioned as it enters the current financial year.
Rosslyn Chief Executive Officer,
"This year we have been able to grow our top line revenues, particularly licence fees, reduce our cost base and, most importantly, generate cash during the year, all whilst maintaining excellent service delivery to our clients. The growth in the RAPid platform, which now fully utilises the suite of products purchased in
This announcement contains inside information.
Rosslyn |
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+44(0)77 7162 3345 |
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+44(0)79 3054 7441 |
Cenkos Securities, |
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+44(0)20 7397 8924 |
Notes to Editors
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