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Prices & Quotes - UK Markets - Proactis Holdings (PHD)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 40.25p
Change Today:
0.25p
Market Cap:
38.45m
Sector:
Software & Computer Services

Proactis earnings slip despite revenue growth

By Iain Gilbert

Date: Monday 29 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Procurement software outfit Proactis saw earnings slip despite reporting improved revenues for the first half of its trading year.
Proactis turned in sales of 27.7m for the six months ended 31 January, up 5% year-on-year, but adjusted EBITDA dipped to 8m from the 8.4m recorded twelve months earlier.

Total contract values increased 8.9% to 6.1m, while Proactis recorded 34 new business deals in the half - up from the 31 recorded one year ago.

Net debt meanwhile increased 31.8% to 39.3m, largely due to its acquisition of Esize Holdings.

Chief executive Tim Sykes said: "This set of results is the culmination of a number of the previously reported issues facing the US, French and German parts of the group, however much work has been undertaken and we are pleased to share the outcome of our review of operations with shareholders today.

"We are focused on executing on our plan and are confident that we have made significant steps in our journey to return the whole of the group to its attractive core characteristics. We have a proven proposition to address a large and growing market, and we are confident that this will drive growth going forward after a period of stabilisation."

Elsewhere, Proactis revealed it had appointed former ARRIS director Richard Hughes to the board as chief financial officer, effective 20 May.

Discussing the addition of Hughes to the group, Sykes said: "We are confident that his appointment will bring immediate value to our board and the company as a whole and we look forward to working alongside Richard to re-focus the group and drive growth in what continues to be an attractive market."

As of 0950 BST, Proactis shares had picked up 1.71% to 29.75p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PHD Market Data

Currency UK Pounds
Price 40.25p
Change Today 0.25p
52 Week High 52.00p
52 Week Low 14.00p
Volume 59,351
Shares Issued 95.53m
Market Cap 38.45m

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PHD Dividends

  Latest Previous
  Final Final
Ex-Div 27-Dec-18 28-Dec-17
Paid 22-Jan-19 22-Jan-18
Amount 1.50p 1.40p

Trades for 27-Nov-2020

Time Volume / Share Price
17:08 5,000 @ 40.25p
16:39 35,795 @ 39.50p
16:26 3,088 @ 40.70p
16:23 5,000 @ 40.65p
11:54 5,000 @ 40.65p

PHD Key Personnel

CEO Timothy J Sykes
CFO Richard Hughes