Published: 6 June 2017
IDOX plc (AIM: IDOX, "Idox", "the Company" or "the Group"), a leading supplier of specialist information management solutions and services, today announces its half year results for the six months ended 30 April 2017.
* Adjusted EBITDA is defined as earnings before amortisation, depreciation, restructuring, acquisition, corporate finance and share option costs
** Includes £0.1m acquisition credit
*** Adjusted profit before tax and adjusted EPS excludes amortisation on acquired intangibles, restructuring and acquisition credit
Andrew Riley, Chief Executive of Idox, commented:
"We have made solid progress in the first half, in line with our expectations and slightly ahead of last year. We have continued to refocus the business on the public sector, with significant investment in our digital services platform for future growth.
"The outlook for the remainder of the year is encouraging and we have good visibility for our second half performance. This is expected to benefit from a number of positives, not least strong elections activity, the phasing of new contracts and the realisation of the benefits of acquisition and organic investment."
IDOX plc +44 (0) 870 333 7101
Andrew Riley, Chief Executive Officer
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
MHP Communications +44 (0) 20 3128 8100
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.
For more information see www.idoxplc.com.
Updated: 26 March 2018