Trading Update

Ingenta PLC

31 July 2023

 

31 July 2023

Ingenta plc

(the "Company")

Trading Update

Ingenta plc (AIM: ING), a leading provider of software and services to the global publishing industry, is pleased to confirm that trading in the six-month period to 30 June 2023 has shown continued growth in revenue and profits compared to the prior period.

The Group expects to report revenue of approximately £5.7m (2022: £5.3m) and adjusted EBITDA of approximately £1.6m (2022: £1.3m) for the six-month period to 30 June 2023. Closing cash balances as at 30 June 2023 were £2.6m (2022: £4.4m). The comparative cash reduction is due to the £2.2m tender offer completed in November 2022 to repurchase 1,796,484 Ordinary shares.

Reflecting on the Group's normal trading seasonality, the Board remains confident in the outlook for the year, and that the Company will report results for the year ended 31 December 2023, comfortably in line with market expectations.

The Company's interim results are expected to be announced in September 2023.

For further information please contact:

Ingenta plc                                                       Tel: [phone]

Scott Winner / Jon Sheffield

Cenkos Securities plc                                      Tel: [phone]

Katy Birkin / Callum Davidson

Certain of the information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

 

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