IDOX (IDOX)

Sector:

IT Services

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FTSE AIM All-Share

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35.20p
   
  • Change Today:
      0.20p
  • 52 Week High: 66.25p
  • 52 Week Low: 27.00p
  • Currency: UK Pounds
  • Shares Issued: 414.87m
  • Volume: 598,483
  • Market Cap: £146.04m
  • RiskGrade: 270

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IDOX announces increased revenue and profits ahead of full-year results

By Iain Gilbert

Date: Tuesday 14 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Information management solutions group IDOX said in a year-end trading statement on Tuesday that it had continued to deliver on its strategy throughout the year ended 31 October, growing both revenues and profits.
IDOX won several major contracts throughout the year; however, due to customer disruption in the wake of June's general election, sign-off on some contract wins, especially those within the health and transport sectors, had been delayed into the next financial year - somewhat impacting profit expectations.

As a result of the delays, IDOX expected its EBITDA for the year to be in the region of £23m, compared to the £21.5m posted in 2016.

In terms of acquisitions, the integration of Halarose, an electoral management software firm, was "progressing well", helping create a "more effective and focused" elections division for the firm, and 6PM, the healthcare solutions business acquired by IDOX in January, had been fully integrated at the end of the financial year, with five contracts worth in excess of £2.8m from the NHS expected to be delivered in the first half of 2018.

The group, as expected, increased its net debt position from £25.1m to £32.7m by virtue of the acquisition and in order to cover upfront costs related to the delayed contract wins.

Andrew Riley, chief executive of Idox, said, "Overall Idox has made excellent progress with its strategy of organic and acquisitive growth and our products and services continue to gain traction within our markets."

"The timing of completion of some contracts which has spilled into the new financial year gives us a strong start to 2018, we continue to keep tight control of costs and we are encouraged by the opportunities for the year ahead," he concluded.

The group announced it would release its full financials on 20 December.

As of 1700 GMT, shares had dropped 19.85% to 52.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IDOX Market Data

Currency UK Pounds
Share Price 35.20p
Change Today 0.20p
% Change 0.57 %
52 Week High 66.25p
52 Week Low 27.00p
Volume 598,483
Shares Issued 414.87m
Market Cap £146.04m
RiskGrade 270

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.92% above the market average39.92% above the market average39.92% above the market average39.92% above the market average39.92% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
56.73% below the market average56.73% below the market average56.73% below the market average56.73% below the market average56.73% below the market average
70.64% below the sector average70.64% below the sector average70.64% below the sector average70.64% below the sector average70.64% below the sector average
Income
27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average
24.44% above the sector average24.44% above the sector average24.44% above the sector average24.44% above the sector average24.44% above the sector average
Growth
74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average
84.47% below the sector average84.47% below the sector average84.47% below the sector average84.47% below the sector average84.47% below the sector average

IDOX Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Mar-18 05-Oct-17
Paid 20-Apr-18 18-Oct-17
Amount 0.66p 0.39p

Trades for 20-Jul-2018

Time Volume / Share Price
16:35 516 @ 35.20p
16:23 1,000 @ 35.30p
16:05 11,285 @ 35.40p
16:05 8,900 @ 35.40p
14:33 13,063 @ 36.60p

IDOX Key Personnel

CFO Jane Mackie
CEO David Meaden

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