LoopUp Group PLC Trading update (2315O)
08 Febbraio 2021 - 08:00AM
UK Regulatory
TIDMLOOP
RNS Number : 2315O
LoopUp Group PLC
08 February 2021
8 February 2021
LOOPUP GROUP PLC
Trading update
LoopUp Group plc (AIM: LOOP), the cloud platform for premium
external communications, is pleased to provide the following
trading update.
In line with the trading statement of 27 November 2020, the
Group can now confirm that it expects revenue for year ended 31
December 2020 to be approximately GBP50.2 million (FY2019: GBP42.5
million) and EBITDA to be approximately GBP15.3 million (FY2019:
GBP6.4 million).
The Group ended the year with gross cash of GBP12.1 million
(FY2019: GBP3.0 million) and net debt of GBP0.7 million (FY2019:
GBP11.5 million).
More detail will be provided when the Group announces its
preliminary FY2020 results on 23 March 2021.
Market abuse regulation:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
LoopUp Group plc via FTI
Steve Flavell, co-CEO
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+44 (0) 20 7260
Numis Securities Limited 1000
Simon Willis / Jonny Abbott (Corporate Finance)
+44 (0) 20 3727
FTI Consulting, LLP 1000
Matt Dixon / Emma Hall / Jamille Smith / Shamma
Kelly
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a cloud communications platform for
premium external communications. Key platform capabilities comprise
cloud telephony via Direct Routing integration with Microsoft
Teams, remote meetings, and managed events. Our customers benefit
from a global fully-managed service, and an emphasis on security,
reliability and simplicity, delivered with deep domain expertise
and caring customer support. We're proud to be trusted provider to
over 5,000 organisations worldwide, including more than 20 of the
world's top-100 law firms as well as enterprises such as Kia
Motors, Planet Hollywood and National Geographic. The Group is
headquartered in London, with offices in San Francisco, New York,
Boston, Chicago, Dallas, Los Angeles, Denver, Cardiff, Milton
Keynes, Madrid, Berlin, Malmo, Hong Kong, Sydney and Barbados, and
is listed on the AIM market of the London Stock Exchange (LOOP).
For further information, please visit: www.loopup.com .
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END
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