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RNS Number : 8683Y

Panoply Holdings PLC (The)

14 September 2020

14 September 2020

The Panoply Holdings PLC

("The Panoply", or the "Group")

AGM Statement

At the Company's Annual General Meeting, being held today at 9am, Mark Smith, Chairman of The Panoply, will make the following statement:

"Following the Group's record performance in the first quarter, in which we delivered organic revenue growth of 10% on a like-for-like basis, I am pleased to report that trading remains strong. The Group has signed approximately GBP10m of new contract wins in the first two months of the current quarter, including a GBP1.8m contract win with Cheshire West and Chester Council, and Cheshire East Council, as well as the previously announced Land Registry contract. In addition, we have enhanced our offering by welcoming Arthurly and Difrent to the Group, with the integration of both companies progressing well".

"The Board are confident that results for the full year will be in line with their recently upgraded expectations and in their ability to achieve their three-year commercial vision to deliver GBP100m run rate revenue by 31 March 2023 with EBITDA of GBP12-14m.

"The Group anticipates the positive momentum to continue and we look forward to providing further updates to the market in due course."

Enquiries:

 
   The Panoply Holdings 
     Neal Gandhi (CEO)                 Via Alma PR 
     Oliver Rigby (CFO) 
 
     Stifel Nicolaus Europe Limited    +44 (0)207 710 7600 
     (Nomad and Broker) 
    Fred Walsh 
     Alex Price 
 
    Alma PR                           panoply@almapr.co.uk 
     (Financial PR)                    +44(0)203 405 0205 
     Susie Hudson 
     Josh Royston 
     Harriet Jackson

About The Panoply

The Panoply is a digitally native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.

The Group is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.70% of its client base representing the public sector and c.30% representing the commercial sector.

More information is available at www.thepanoply.com

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END

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September 14, 2020 02:00 ET (06:00 GMT)

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