TIDMIMO
RNS Number : 4880I
IMImobile PLC
26 March 2015
For immediate release 26 March 2015
IMIMOBILE PLC
("IMImobile" or "the Group")
Trading Update
In line with expectations for 2015, well positioned for 2016
IMImobile PLC, the global technology company which provides
software and services to help businesses on the growth in mobile
communication, is pleased to announce the following update ahead of
its preliminary results for the year ended 31 March 2015. The Group
has experienced strong trading for the year with trading in line
with market expectations. New contract wins and growth in recurring
revenues achieved during the year position the Group favourably for
further growth in future periods.
Highlights
-- Strong year on year organic gross profit growth from Europe of over 25%
-- Growth in recurring revenues from MEA with new significant
contract wins and deployments positioning the business well for
FY16
-- Multiple new managed solution and licence contract wins in
India & SEA which will impact the FY16 results
-- TextLocal acquisition bedding in well and performing as
anticipated. Expansion plans progressing well
Europe
The strong performance from the Europe region, which represents
approximately 50% of group revenues, reported in the interim
financial statements has continued in the second half of the year.
Top line and profit growth has been achieved through both a rise in
recurring and professional services revenues and from a mix of
expansion from existing customers and new customers in the
year.
The TextLocal acquisition has added to the strong performance of
the European business and has been successfully integrated into the
Group. Progress is being made towards the expansion plans envisaged
at the time of the acquisition.
MEA
Growth in the managed solutions area of the MEA region has
partially offset the anticipated year on year decline of the
exceptional licence revenues reported in the previous year. A mix
of new deployments and contract wins in the region as well as a
significant sales pipeline positions the business well for
continued growth in FY16.
India & SEA
The managed solution declines in the India region which were
reported at the interim results have reduced as expected throughout
the second half of the year, and have been partially offset by
growth in the SaaS business, where multiple opportunities for
growth exist. Several contract wins during the second half of the
year, a mix of managed solutions to operators and licence deals,
will all contribute revenues for the coming year.
Outlook
The Group begins the new financial year on track to achieve the
growth expectations in the market supported by a strong pipeline of
deployments which will contribute to revenues during FY16. The
Board remains confident of a strong trading year ahead, with the
Group remaining well positioned to take advantage of consolidation
opportunities across the industry.
Cautionary statement
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. Forward-looking statements often use words such
as anticipate, target, expect, estimate, intend, plan, goal,
believe, will, may, should, would, could, is confident, or other
words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this
document and, by their very nature, they are subject to known and
unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and IMImobile's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements.
There are a number of factors which could cause actual results
to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause
actual results to differ materially from those described in the
forward-looking statements are; increased competition, the loss of
or damage to one or more key customer relationships, the outcome of
business or industry restructuring, changes in economic conditions,
currency fluctuations, changes in laws, regulations or regulatory
policies, developments in legal or public policy doctrines,
technological developments, the failure to retain key management,
or the key timing and success of future acquisition opportunities
or major investment projects.
IMImobile undertakes no obligation to revise or update any
forward-looking statement contained within this announcement,
regardless of whether those statements are affected as a result of
new information, future events or otherwise, save as required by
law and regulations.
For further information please contact:
IMImobile PLC c/o Buchanan
Jay Patel, Chief Executive Officer Tel: +44 (0)20 7466 5000
Mike Jefferies, Group Finance Director
Buchanan - Financial PR adviser Tel: +44 (0)20 7466 5000
Mark Edwards / Gabriella Clinkard/ Stephanie imimobile@buchanan.uk.com
Watson
SPARK Advisory Partners - Nominated Tel: +44 (0)203 368 3550
adviser
Matt Davis / Sean Wyndham-Quin
Whitman Howard - Joint Broker Tel: +44 (0) 207 659 1250
Ranald McGregor-Smith
WH Ireland - Joint Broker Tel: +44 (0)207 220 1666
Adrian Hadden
About IMImobile PLC
IMImobile is a leading global technology company providing
software and services which help businesses capitalise on the
growth in mobile communication. Its services, delivered in over 60
countries in Europe, the Americas, MEA and India, help its clients
to engage and transact with their customers more efficiently
through smarter mobile engagement. The company's solution allow
customers to use mobile as a channel to create new revenue streams,
as CRM and customer engagement channel and as a channel to improve
business operations.
IMImobile's DaVinci suite of products are modular, scalable and
delivered through cloud infrastructure which is integrated into
mobile operator networks, internet services and social media
platforms. The products and solutions have helped IMImobile
establish a blue-chip client base of leading mobile operators and
global enterprises. Key customers include Vodafone, O2, Telefonica,
Aircel, Airtel, BSNL, AT&T, MTN, France Telecom, Centrica,
Coca-Cola, Universal Music, Tata, the AA, the BBC and major
financial institutions.
The company is headquartered in London with offices in
Hyderabad, Atlanta and Dubai and has over 675 employees worldwide.
IMImobile is quoted on the London Stock Exchange's AIM market with
the TIDM code IMO.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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