Illustrating a Year of Further Strong Organic Growth
dotdigital provides a trading update for the year-ended 30 June 2014, ahead of its full year results which are expected to be announced mid-October.
The Board is extremely pleased with the Company’s performance and now anticipates that full year EBITDA will be slightly ahead of the current market forecast of £4.3m. This performance is a result of continued strong organic growth in the high margin and long-term recurring revenues generated by our core email marketing product, dotmailer.
Within the core products division, revenues for the 12 month period grew by 32% compared to the same period in 2013, resulting in closing cash at the end of the period of £9.3m (2013: £6.1m).
Commenting on the trading update, dotdigital’s Chief Executive Officer, Peter Simmonds said: “This strong performance is again extremely encouraging and illustrates that our organic growth strategy is working. We look forward to providing a full update on the year’s trading together with greater detail on our future growth plans when we announce our full year results in October. I would like to take the opportunity to thank our staff for their tremendous enthusiasm, commitment and performance over the past year and our shareholders for their continued support.”