Dillistone Group Plc LogoDate: 24th September 2013

Dillistone Systems And Voyager Software Announce Record Breaking First Half

Highlights include:

  • Revenue up 6% to £3.81m

    • Recurring revenues up 7% to £2.41m
    • Non-recurring revenues up 4% to £1.21m
    • Third party revenues up 6% to £0.20m
  • Operating profits up 17% to £0.81m
  • Basic EPS excluding amortisation of acquisition intangibles  up 11% to 3.69p
  • EBITDA up 13% to £1.07m
  • The Group continues to be debt free; cash of £1.90m at 30 June 2013 (2012: £1.57m)
  • Dillistone Systems (www.dillistone.com) delivers highest ever H1 sales (£2.52m, up 6%)
  • Voyager Software (www.voyagersoftware.com) revenue increased by 7% to £1.31m
  • Further synergies delivered from the Voyager Software acquisition
  • FCP Internet (www.evolvedb.co.uk), acquired in July 2013, will contribute to profits in H2
  • 4% increase in interim dividend to 1.25p (2012: 1.2p)

Commenting on the results, Mike Love, Non-Executive Chairman, said: “These are an encouraging set of results.  We have delivered good revenue growth in both of our divisions in the first half of the year, and have entered the second half with a strong pipeline.  Our results in the second half will be augmented by the acquisition of FCP Internet, completed in early July, which is expected to be immediately earnings enhancing.

“The Board expects to make further progress in the second half of the year.”

The full report is available at www.dillistonegroup.com.

Webinar:

Group Chief Executive Jason Starr and Finance Director Julie Pomeroy will host a webinar and Q+A session to review these results at 3pm today.  To register to attend this webinar, please visit: http://www.dillistonegroup.com/news.aspx?newsID=66

Investor Lunch:

In addition, Dillistone will be holding an Investor Lunch on 13 November 2013 for Private Client Investment Managers and Private Investors.  Those wishing to attend should contact Tom Cooper on This email address is being protected from spambots. You need JavaScript enabled to view it. or 020 3176 4722.

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