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Glantus Holdings PLC - Dublin-based data platform for accounts payable and shared services - Expects revenue for 2022 to be about €10.8 million, and loss before interest, tax, depreciation and amortisation to be €2.1 million. In 2021, revenue was €10.7 million, and adjusted earnings before interest, tax, depreciation and amortisation was €3.1 million. Says 2022 has been a ‘challenging’ year for the company, and that results are impacted by factors including the negative impact of global restructuring, the relocation of the AP audit function to Costa Rica and the delayed onboarding of some new opportunities. As a result, Glantus reduces the global workforce by 39 employees, achieving annualised cost savings of over €3 million.
Current stock price: 6.60 pence each, down 20%
12-month change: down 92%
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