Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
System1 Group PLC - London-based marketing and brand consultancy - Enters the final quarter of its financial year ending March 31 with ‘good trading momentum’. Expects to deliver results ahead of its prior expectations. Revenue is now forecast at £29 million for the year, up from £23.4 million the year before. Pretax profit is set to be ‘comfortable’ above £2 million - which it says is ‘materially ahead’ of consensus - and up from £700,000 in financial 2023. In its third quarter, revenue jumped 29% to £8.0 million, thanks to a 46% jump in Platform revenue.
Chief Executive Officer James Gregory says: ‘We continue to deliver quarter on quarter revenue and profit growth, exceeding £8 million revenue for the last quarter and increasing platform revenue by 46%. We are executing our go-to-market plans and building out ever-improving customer propositions, creating the momentum to grow further over the coming years’.
Current stock price: 347.00 pence, up 22%
12-month change: up 78%
Copyright 2024 Alliance News Ltd. All Rights Reserved.