Wilmington PLC Year-End Trading Update (8162T)
27 Julho 2022 - 3:00AM
UK Regulatory
TIDMWIL
RNS Number : 8162T
Wilmington PLC
27 July 2022
27 July 2022
Wilmington plc
Year-end trading update - profitability ahead of
expectations
Wilmington plc, (LSE: WIL, 'Wilmington', 'the Group') the
provider of data, information, education and training in the global
Governance, Risk and Compliance ('GRC') markets, today provides a
trading update for the year ended 30 June 2022.
Group revenue is expected to be in the order of GBP121.0m (2021:
GBP113.0m) with organic revenue growth of 13%. Events revenues were
particularly strong in the US in H2. Overall organic revenue growth
excluding events was 5%.
Adjusted profit before tax (unaudited) was ahead of expectations
at GBP20.7m* (2021: GBP15.0m). Both divisions recorded double-digit
organic revenue growth and improved profitability.
Cash conversion has been strong with Group net cash on 30 June
2022 at GBP20.5m (31 December 2021: GBP11.0m; 30 June 2021: net
debt GBP17.7m).
Wilmington expects to publish its year end results on 22
September 2022.
Mark Milner, Chief Executive Officer, commented :
"We are executing our strategy by growing revenues and profits
organically in the large, expanding and rapidly evolving GRC
markets by investing in our business and actively managing our
portfolio of businesses.
"A combination of good organic revenue growth, tight control of
overheads and a targeted reduction in lower margin business has
resulted in this strong performance.
"We have also continued to see solid growth in our underlying
recurring revenues, reflecting the resilience of the business
overall."
*Adjusted profit before tax (PBT) is calculated as PBT after
adding back amortisation of intangible assets except computer
software and profits/losses on disposals and business closures.
For further information, please contact:
Wilmington plc
Mark Milner, Chief Executive Officer 020 7490 0049
Guy Millward, Chief Financial Officer
Meare Consulting
Adrian Duffield 07990 858548
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement this inside information is now considered to be in the
public domain.
Notes to Editors
Wilmington plc is the recognised knowledge leader and partner of
choice for data, information, education and training in the global
Governance, Risk and Compliance (GRC) markets . Wilmington employs
close to 1,000 people and sells to around 120 countries. Wilmington
is listed on the main market of the London Stock Exchange.
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END
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July 27, 2022 02:00 ET (06:00 GMT)
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