DIGITALIST GROUP PLC STOCK EXCHANGE RELEASE 22 October 2020 9:00 AM
July – September 2020 (comparable figures for 2019 in parentheses):
- Turnover EUR 4.3 million (EUR 5.8 million), lower: 26.0%.
- EBITDA EUR -0.8 million (EUR -1.0 million), -18.9% of turnover (-18.3%).
- Working end result EUR -1.5 million (EUR -1.9 million), -34.3% of turnover (-33.1%).
- Internet end result EUR -2.5 million (EUR -1.8 million), -58.3% of turnover (-31.7%).
- Earnings per share (diluted and undiluted) EUR -0.00 (EUR -0.00).
January – September 2020 (comparable figures for 2019 in parentheses):
- Turnover EUR 15.5 million (EUR 20.7 million), lower: 24.9%.
- EBITDA EUR -2.3 million (EUR -2.0 million), -14.8% of turnover (-9.8%).
- Working end result*) EUR -8.2 million (EUR -4.6 million), -52.8% of turnover (-22.2%).
- Internet end result*)**) EUR -10.5 million (EUR -5.2 million), -66.4% of turnover (-25.1%).
- Earnings per share (diluted and undiluted) EUR -0.02 (EUR -0.01).
- Variety of staff on the finish of the assessment interval: 187 (255), lower of 26.7%.
*) Working end result and web end result for the assessment interval was impacted by a write-down of the corporate’s goodwill EUR 3.7 million.
**) Internet end result was impacted by unrealised overseas change loss/achieve EUR -1.3 million (EUR 0.5 million, 2019).
Digitalist Group combines model, design and expertise experience in a novel means. We goal to assist our clients to offer their goal teams with first-class buyer experiences.
Within the third quarter of 2020, we continued to work on bettering profitability. On the finish of August, the corporate had a complete of 187 staff (a lower of 26.7 per cent) of greater than 30 completely different nationalities in 4 completely different nations. It is a good illustration of our firm’s range, a attribute which gives our clients with added worth. Digitalist Group has studios in Helsinki, Stockholm, London and Vancouver, every specializing in completely different areas of experience and using top-level specialists, starting from technique and model designers to design and expertise specialists.
EVENTS DURING THE THIRD QUARTER
Within the third quarter of 2020 we continued to work on bettering profitability. Though the corporate has succeeded within the discount of the price degree, that won’t but impression the profitability as a consequence of robust discount in income. The Covid-19 pandemic has had a serious impression on buyer accounts, particularly within the journey and tourism sector, because it continues to present rise to enterprise uncertainty. The effectivity measures carried out throughout the assessment interval and the comparability interval decreased the Group’s capability considerably.
The enterprise outlook has improved within the third quarter. We’re constructing new working strategies in a lot of our buyer relationships, including extra worth in our clients’ innovation processes and redesigning the client expertise.
Within the third quarter, we accomplished a transaction that transferred Digitalist UK Restricted’s enterprise related to the Ticknovate™ product to Ticknovate Restricted. The constructive cash-flow impact of the transaction amounted to roughly EUR 0.7 million (web) in Digitalist Group’s favour. A extra exact give attention to the additional growth of Ticknovate, mixed with the sector experience offered by the brand new investor, ABC Leisure investments Ltd, will allow scaling and worldwide development. Ticknovate is a cloud-based ticket gross sales and reserving Software program as a Service (SaaS) answer system.
Within the ultimate quarter of the monetary 12 months, it is going to be essential to proceed paying particular consideration and care to making sure worthwhile development, enhancing course of effectivity and crystallising the corporate’s technique and key messages.
I’ve been amazed by the efforts and constructive angle of Digitalist Group’s staff regardless of the troublesome time we now have been going via within the third quarter. Digitalist Group has a really robust foundation for helping buyer firms in renewal and bettering the client and worker expertise – notably on-line. I imagine that comprehensively bettering the client expertise is an more and more vital precedence for our clients within the midst of the Covid-19 pandemic.
// CEO Petteri Poutiainen
In 2020, turnover is anticipated to lower compared with 2019, and EBITDA is anticipated to enhance compared with 2019.
OTHER EVENTS DURING THE THIRD QUARTER
The inventory change releases for the assessment interval are on the corporate’s web site at www.digitalist.world/traders/releases.
When the enterprise assessment was revealed, the corporate anticipated its working capital to be ample to cowl its necessities over the subsequent 12 months.
DIGITALIST GROUP PLC
Board of Administrators
Digitalist Group Plc
Petteri Poutiainen, CEO, tel. +358 40 865 4252, firstname.lastname@example.org
Mervi Södö, CFO, tel. +358 40 136 5959, email@example.com
Nasdaq Helsinki Ltd