(“Idox” or “the Group”)
AGM Trading Update
Idox plc (AIM: IDOX), a leading supplier of information management software solutions and services to the public sector, is holding its Annual General Meeting later today. The Chairman, Laurence Vaughan, will make the following remarks:
“Idox has made a strong start to the new financial year building on the good performance and organic and acquisitive growth of 2016, with trading for the current financial year in line with our expectations. We are seeing a solid pipeline of opportunities and are pleased to have recently secured significant contracts in healthcare and transport and continuing wins across other segments.
Earlier this month we launched our new Idox Health division, which includes our most recent acquisition, 6PM, which completed on 31 January. This represents a significant opportunity to expand in the healthcare market, in which Idox is delivering innovative technology solutions that support the NHS to improve patient care and deliver efficiencies. Encouragingly, Idox Health has recently won contracts with two acute hospital trusts and has been awarded a grant by NHS England to develop a product to improve hospital efficiency and improve treatment outcomes for in-patients in acute stroke care.
Further recent public sector wins include Cloud Amber, our transport management solutions business, joining the Government’s Low Emission Freight and Logistics Trial. Cloud Amber will trial its ground breaking smartphone application, Greenwave, in Birmingham to encourage fleet drivers to drive more efficiently, cutting emissions and improving air quality.
This level of activity combined with a current stable outlook in all our markets combined with our strong revenue visibility, order book and pipeline bodes well for the year as whole. Overall, the outlook is encouraging and our expectations for the Group’s financial performance are unchanged.”
For further information please contact:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Chairman
Andrew Riley, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
MHP (Financial PR) +44 (0) 20 3128 8100
Reg Hoare/Andrew Leach/Charlie Barker
About Idox plc
Idox plc is a supplier of specialist information management solutions to the public sector and to highly regulated asset intensive industries around the world in the wider corporate sector.
Idox is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. Idox provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web, and providing elections management solutions. It also supplies in the UK and internationally, decision support content such as grants and planning policy information and corporates compliance services. Idox delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation in North America and around the world.
The Group employs over 894 staff located in the UK, North America, Europe, India and Australia.