Trading Statement

RNS Number : 6536O

Dianomi PLC

02 February 2023

 

2 February 2023

Dianomi plc

("Dianomi", the "Company" or the "Group")

Trading Update

Dianomi, a leading provider of native digital advertising services to premium clients in the Business, Finance and Lifestyle sectors, confirms that results for the year to 31 December 2022, were in line with the update made by the Company on 13 December 2022 with unaudited revenue of £35.8 million and adjusted EBITDA* of £1.5 million. Unaudited cash as at the 31 December 2022 was £11.6 million (30 June 2022: £10.4 million), demonstrating high levels of cash conversion.

The Company expects to report full year results for the year to 31 December 2022 around mid-April 2023.

Dianomi has entered 2023 with a strong pipeline of publishers looking to join or extend and expand their presence on Dianomi's contextual platform. A high publisher and advertiser retention rate has long been a key business strength, with publishers and advertisers choosing Dianomi's platform for its ability to deliver attractive returns combined with high quality content from global business and lifestyle brands.

However, a recent report from e-Marketer suggested that publishers' advertising businesses are having a difficult start to the year, though indications of Q2 budgets are looking more positive. Furthermore, due to the challenging macro-economic environment, market forecasts for overall digital ad spending have been reduced to show modest levels of growth for this year. Whilst Dianomi is confident that the quality of its offering will continue to attract publishers and advertisers alike, due to the cautious market outlook, in order to maintain profit margins, the Company is ensuring that its cost base is appropriate for an unpredictable trading environment.

Rupert Hodson, Chief Executive Officer of Dianomi, said :

"We have an impressive core of existing publishers and advertisers who continue to trust us and work with us, resulting in a low churn rate. There is some understandable caution amongst advertisers relating to the general economic environment, and so we are ensuring that the Company is well-placed to adapt to uncertain levels of spend whilst continuing to expand and develop our offering."

* adjusted EBITDA is calculated as profit after tax before deducting net finance costs, tax, depreciation and share based payment charges

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information contact:

Dianomi Rupert Hodson (Chief Executive Officer) Charlotte Stranner (Chief Financial Officer)	Tel: [phone]
Panmure Gordon (NOMAD and Broker) Emma Earl/ Freddy Crossley, Corporate Finance Rupert Dearden, Corporate Broking	Tel: [phone]
Novella Communications Tim Robertson / Safia Colebrook	Tel: [phone]

About Dianomi

Dianomi, established in 2003, is a leading provider of native digital advertising services to premium clients in the Business, Finance and Lifestyle sectors. The Group operates from its offices in London, New York and Sydney. The Group enables premium brands to deliver native advertisements to a targeted audience on the desktop and mobile websites, mobile and tablet applications of premium publishers. It provides over 400 advertisers, including blue chip names such as abrdn, Invesco and Charles Schwab, with access to an international audience of over 500 million devices per month through its partnerships with over 300 premium publishers, including blue chip names such as Reuters, CNN Business, Bloomberg and WSJ. Adverts served are contextually relevant to the content of the webpages on which they appear and mirror the style of the page, which enhances reader engagement. http://www.dianom i.com .

 

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