Blancco Technology Group (BLTG)

Sector:

IT Services

Index:

FTSE AIM All-Share

 250.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 292.00
  • 52 Week Low: 202.00
  • Currency: UK Pounds
  • Shares Issued: 75.58m
  • Volume: 812
  • Market Cap: £188.95m
  • Beta: 0.33

Blancco Technology FY results benefit from 'strong structural tailwinds'

By Iain Gilbert

Date: Wednesday 22 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Data erasure and mobile device diagnostics group Blancco Technology said on Wednesday that it had continued to benefit from "strong structural tailwinds" in the year ended 30 June.
Blancco stated revenue and profit growth had continued and, despite the Covid-19 pandemic lengthening sales cycles, full-year results were projected to be in line with current market expectations - with revenue of approximately £33.4m and an adjusted operating profit of roughly £4.0m.

Chief executive Matt Jones said: "Despite the challenges presented by the Covid-19 pandemic, Blancco has continued to deliver on its stated growth strategy."

In the short-term, the AIM-listed group said the challenges created by the pandemic were expected to temper growth in the early months of this new financial year.

However, Blancco's pipeline was said to be strengthening and the widespread implementation of remote working had led to a "noticeable increase" in the purchase of IT equipment - which it believes will likely lead to increased demand for its services in the medium-term.

"Although the impact of Covid-19 has clearly introduced some uncertainty, we are confident that we are well placed to create further value with both a strong balance sheet and a product suite that addresses the regulatory and environmental challenges that are facing all organisations at the present time."

As of 1000 BST, Blancco shares were down 2.51% at 190.10p.

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BLTG Market Data

Currency UK Pounds
Share Price 250.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 292.00
52 Week Low 202.00
Volume 812
Shares Issued 75.58m
Market Cap £188.95m
Beta 0.33

BLTG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.56% below the market average95.56% below the market average95.56% below the market average95.56% below the market average95.56% below the market average
78.02% below the sector average78.02% below the sector average78.02% below the sector average78.02% below the sector average78.02% below the sector average
Price Trend
38.98% above the market average38.98% above the market average38.98% above the market average38.98% above the market average38.98% above the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average
Income Not Available
Growth
64.44% above the market average64.44% above the market average64.44% above the market average64.44% above the market average64.44% above the market average
27.84% above the sector average27.84% above the sector average27.84% above the sector average27.84% above the sector average27.84% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BLTG Dividends

  Latest Previous
  Interim Final
Ex-Div 11-May-17 03-Nov-16
Paid 16-Jun-17 07-Dec-16
Amount 0.70p 1.34p

Trades for 03-Dec-2021

Time Volume / Share Price
12:46 155 @ 245.13p
09:37 657 @ 251.00p

BLTG Key Personnel

Chair Rob Woodward
CEO Matt Jones
CFO Adam Moloney

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