Actualización de operaciones del año fiscal 24
Este anuncio contiene información privilegiada a los efectos del artículo 7 del Reglamento de la UE 596/2014 (en su versión modificada), que forma parte de la legislación nacional del Reino Unido de conformidad con la Ley de (Retirada) de la Unión Europea de 2018. Tras la publicación de este anuncio a través de un Servicio de información regulatoria , esta información privilegiada ahora se considera de dominio público.
3 de abril de 2024
Grupo Shearwater PLC
("Pardela", o el "Grupo")
Actualización de operaciones del año fiscal 24
Shearwater Group plc, the cybersecurity, advisory and managed security services group, announces an update on trading for the financial year ended 31 March 2024 ("FY24").
As guided at the half year, trading is traditionally weighted to the second half and whilst the Group was bolstered at the beginning of Q3 with visibility of sales opportunities across both the Services and Software divisions, it continued to experience delays in concluding larger contracts which were expected and remain in negotiation.
Revenue in FY24 is expected to be c.£22.5m (FY23: £26.7m), with Adjusted EBITDA1 returning to profit compared to the prior year at just under £1m (FY23: £(0.2)m). Whilst this unaudited financial performance was below market expectations2 the Group continues to maintain a healthy balance sheet with year end cash at £5m, in line with market expectations, £1m ahead of the prior year and £3m higher than the cash position at the half year, reflecting the expected cash generation in the second half.
The Board is reassured by a particularly strong renewal schedule for FY25 and a number of high value contracts in advanced negotiations with blue chip customers, providing confidence in returning to growth during FY25. The new year has started well, with the first scheduled contract renewal already secured, to a value of £1.4 million. The deal has been signed with a British media and telecommunications company, for an enhanced and renewed data protection service with Brookcourt Solutions.
Phil Higgins, CEO de Shearwater Group, comentó: "Although we are understandably disappointed by our performance this year, there are compelling reasons for optimism as we look ahead. Our confidence in achieving growth in FY25 and beyond remains strong. Notably, our new business opportunity pipeline has reached an exceptionally robust level, and we are actively negotiating several substantial contracts."
David Williams, presidente de Shearwater Group, comentó: "With small company valuations continuing to remain under considerable pressure, it is important to note that nearly half of the Shearwater market valuation is represented by the £5 million of cash announced today. This attributes precious little value for what is a profitable company with a solid market position and growth opportunities, and one in which the Board continues to see growth potential as we strive to improve returns."
1 Adjusted EBITDA is defined as profit before tax, before one off exceptional items, share based payment charges, finance charges, impairment of intangible assets, depreciation and amortisation.
2 The Company considers current consensus market expectations, ahead of this trading update, for the year ended 31 March 2024 are for revenues of £32.5m and Adjusted EBITDA of £2.5m.
All figures are subject to finalisation following the year end and are unaudited.
Consultas:
Grupo Shearwater plc David Williams, presidente Phil Higgins, presidente ejecutivo Adam Hurst, director financiero interino
| www.shearwatergroup.com c/o alma |
Cavendish Securities plc - NÓMADA Adrian Hadden / Ben Jeynes / Fergus Sullivan - Corporate Finance Henry Nicol / Dale Bellis / Michael Johnson - Ventas
| +44 0 20 7397 8900 |
Alma Justine James/Joe Pederzolli | +44 0 20 3405 0205 |
Acerca de Shearwater Group plc
Shearwater Group plc es un grupo galardonado que ofrece seguridad cibernética, seguridad administrada y soluciones de asesoramiento profesional para crear un entorno en línea más seguro para las organizaciones y sus usuarios finales.
La oferta de servicios completos diferenciada del Grupo abarca la gestión de identidades y accesos y la seguridad de los datos, las soluciones de ciberseguridad y los servicios de seguridad gestionados, y el control, el riesgo y el cumplimiento de la seguridad. Su estrategia de crecimiento se centra en la creación de un grupo escalable que satisfaga todo el espectro de necesidades de ciberseguridad y seguridad administrada, a través de un enfoque de compra y construcción enfocado.
El Grupo tiene su sede en el Reino Unido y atiende a clientes de todo el mundo en un amplio espectro de industrias.
Las acciones de Shearwater cotizan en AIM de la Bolsa de Valores de Londres con el símbolo "SWG". Para mayor información por favor visite www.shearwatergroup.com.
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