StatPro Group PLC (LON:SOG) has said it is targeting improved EBITDA margins going forward as it delivered an in-line trading update ahead of its AGM on Thursday.
Rory Curran, chairman of the portfolio and risk management group, said all of its divisions - Revolution, Source: StatPro and Infovest - were all performing in line with expectations.
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The company is also on the lookout for more strategic acquisitions, Curran said, having recently increased its banking facilities to £49.1mln to provide additional capacity for purchases.
StatPro also highlighted two recent contract wins with an EU investment manager and a top 20 fund administrator respectively, which carried a combined value of €3.64mln.
The group’s integration plan for Delta, a performance and risk analytics service StatPro bought from UBS in 2017, was also progressing to plan, it said.
"With our investment in a massively scalable state-of-the-art cloud technology platform and our deepening relationships with asset management service providers, we are strategically well placed for future growth”, Curran concluded.
In mid-morning trading on Thursday, StatPro shares were 0.9% lower at 131.3p.
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