IDOX PLC Idox plc
Half Year Ended 30 April 2023
08 June 2023
Agenda
- Operational highlights H1 FY23
- Financial review
- Strategy and operations
- Buy and build
- ESG
- Outlook
David Meaden | Anoop Kang |
CEO | CFO |
Half Year Ended 30 April 2023 | 2 |
Operational highlights H1 FY23: A strong performance
Order intake up 23% at £52m (H1 FY22: £42m) providing good visibility for the remainder of FY23 and into FY24
Significant contract wins and extensions across Land, Property and Public Protection (LPPP) (Cloud order intake up 28% on H1 FY22), Assets and Communities (14 new clients in ResearchConnect)
Further progress on developing the Group's geospatial capabilities, with exeGesIS revenue up 19% YoY and Aligned Assets order intake up 31% on H1 FY22.
Good organic revenue and double digit profit growth driven by LPPP performance
New divisional structure fully embedded into the organisation enhancing market focus, customer service and sharper sales execution
Continued cash generation taking the Group to a net cash position
Half Year Ended 30 April 2023 | 3 |
Financial review
Anoop Kang
Half Year ended 30 April 2023 | 4 |
Financial highlights H1 FY23
£35.8m | £21.1m |
H1 FY22: £33.2m | H1 FY22: £19.8m |
Revenue | Recurring revenue |
+8% | +7% |
£12.1m | 1.33p |
H1 FY22: £11.0m | H1 FY22: 1.21p |
Adjusted EBITDA* | Adjusted FD EPS |
+10% | +10% |
£52.0m
H1 FY22: £42.2m
Order intake +23%
£1.1m Net cash
FY22: Net debt £6.7m
Net debt reduced by £7.8m
* Adjusted EBITDA is defined as earnings before amortisation, depreciation, restructuring, acquisition costs, impairment, corporate finance costs and share option costs.
Half Year Ended 30 April 2023 | 5 |
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Disclaimer
IDOX plc published this content on 08 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2023 06:39:24 UTC.
