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Idox revenues up 19%

By BFN News | 08:04 AM | Thursday 18 May, 2017

Idox expects adjusted EBITDA for the first six months to be in line with management forecasts and slightly ahead of the corresponding period last year. The group said revenues had grown by 19%, principally as a result of the initial contributions from the acquisitions of Idox Health (formerly 6PM, completed 31 January), Open Objects, (part of the public sector division, completed 26 July) and Rippleffect (part of the digital division, completed 22 August). The group said that overall it remained on track to deliver in line with its expectations for the year as a whole reflecting the benefits of these acquisitions, organic growth from recent contract wins, and seasonality. Looking ahead, it said: "The board retains a positive outlook for the year as a whole; this is supported by anticipated full second half contributions from 2016-17 acquisitions (including Idox Health), the benefits of ongoing 'one Idox' integration activity, further progress with the digital services platform, as well as recent contract wins together with a strong pipeline of new orders, and also strong elections activity in the second half." At 8:04am: (LON:IDOX) Idox Plc share price was +1.38p at 75.88p Story provided by

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