dotDigital Group PLC

FINAL RESULTS – YEAR END 30 JUNE 2015

 

dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive software as a service (“SaaS”) and managed services to digital marketing professionals is pleased to announce its Final Results for the year ended 30 June 2015.

2015 Highlights

Financials

  • Turnover increased by 32% to £21.4m (2014: £16.2m)
  • EBITDA of £6.8m, up 45% (2014: £4.7m)
  • Recurring revenues of 76% (2014:78%)
  • Percentage of recurring revenues outside of UK of 15% (2014:10%)
  • Strong cash position of £11.9m at year end
  • Net assets of £18.4m, up 30% (2014:£14.2m
  • EPS up 31% to 1.63p (2014: 1.24p)
  • Announced today: Final Dividend Proposed of 0.36p per share – please see separate announcement

Operational : UK

  • Notable new clients in the UK in both the B2B and B2C sectors include: Honeywell, Unison, Ordnance Survey, The All England Lawn Tennis and Croquet Club, Knight Frank, Sony Music, Links of London,      Sole Trader, Ladbrokes and Natural History Museum
  • Average monthly spend per client rose by approximately 41% to £445
  • 94% of clients have now signed up on longer term contracts of between 12 and 24 months

International growth

  • Revenues from the US performed strongly, increasing from US$1.4m to US$3.0m, an increase of over 114%
  • The East Coast sales office, located in New York, continues to focus on sector niches including Magento eCommerce platform users and higher value small enterprise clients
  • New clients include Simple Human, La Vie en Rose, Sail Plein Air Inc & Team Velocity Marketing
  • Good early progress in the Asia Pacific region with strong partner relationships in Australia and solid revenue pipelines building through these channels
  • A pilot underway with a partner utilising our localisation and translation capabilities in Latin America

Magento connector

  • Over 200 clients now using dotmailer’s Magento Connector
  • The average monthly recurring revenue spend has grown to approximately £1,070 per month, a 53% increase on the previous year
  • Magento Connector UK clients now include The Royal Trust Collection, Fred Perry, Boodles, Calor Gas and Hornby
  • Magento Systems Integration partners signed as resellers for the dotmailer platform include Gorilla, a Gold Magento Solution Partner with offices across the US and Europe, and named as Magento’s   Omni-channel Partner of the Year in April 2015

Commenting on the results, Simone Barratt, Chief Executive Officer, said: 

“The demand for email marketing and multi-channel automation continues to be strong both in the UK and internationally. The Board believes that the dotmailer platform, with its ‘ease of use’ proposition, its specialist connectors, its specialist professional services, and now its growing list of global strategic partnerships, is well placed to continue to generate strong organic growth in revenue, not just in the UK, but increasingly overseas as well.”

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