dotDigital Group: Final Results for the year ended 30 June 2013
Results ahead of expectations and positive start to the New Year
Maiden Final Dividend Proposed
2013 Key Highlights:
- Turnover up 16% to £13.8m (2012: £11.9m)
- EBITDA of £4.1m, up 21% (2012: £3.4m)
- Profit before tax increased 18% to £3.3m (2012: £2.8m)
Continued strong cash generation of £3.6m with net cash of £6.1m at year end
Announced today: Maiden Final Dividend Proposed of 0.1p per share
dotMailer - the core SaaS Products division - performed strongly with revenue growth of 28% and profit before tax up 41% to £4.5m (2012: £3.2m)
Continued mid-to-large corporate client wins including BBC worldwide, e-Consultancy, Harveys, Investec, Osprey London, BP International, ITV, Odeon Cinemas, Ryman, Balfour Beatty, EDF Energy, Nationwide, Liverpool Victoria and Michael Page International
Continued focus on successful organic growth for the remainder of 2013 and 2014 and investment in people, sales, effective targeted marketing and the SaaS platform
A summary of Peter Simmonds, Chief Executive, comments on current trading and outlook: “I am pleased to report that the new financial year has started well and in the first quarter our new business sales and monthly recurring revenues have been in line with our plans.
In this period we have seen some notable new customer signings in the UK including Heal’s, Payzone, DMA and Shakespeare’s Globe and in the US we have signed Verifone, AIP and Chromogenex where we are also seeing average order values significantly higher than the UK average. In the US, dotMailer was recently placed in the final three in the GREAT Tech awards sponsored by UKTI for demonstrating potential to grow in the US market.
As economic confidence in the UK improves, we are starting to see customers investing in new initiatives and for the first time in some years actually talking about increasing marketing budgets. This should translate into increased spending from our existing customers over the coming years and combined with continued new client wins with higher average spending patterns than the past years, gives the Board confidence about the rest of the year ahead and the medium and longer term.”
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COO & CTO Interview
collaboration with e-Dialog and
Ebay's X.commerce platform
Peter Simmonds CEO of dotDigital Group said: “I am delighted e-Dialog have selected dotMailer’s automated email marketing platform to supplement their email marketing solutions within the X.commerce environment.
This version of dotMailer, e-Dialog Express, will be unveiled at Magento's Imagine eCommerce conference in Las Vegas on Tuesday April 24th. This is a unique opportunity to promote the product’s powerful features and ease of use to thousands of merchants worldwide”.