Blancco Technology Group PLC Trading Update and Notice of Results (4123U)
January 18 2017 - 2:00AM
UK Regulatory
TIDMBLTG
RNS Number : 4123U
Blancco Technology Group PLC
18 January 2017
Wednesday 18 January 2017
BLANCCO TECHNOLOGY GROUP PLC
("Blancco" the "Company" or the "Group")
TRADING UPDATE AND NOTICE OF RESULTS
Blancco Technology Group Plc (AIM: BLTG, "Blancco"), a leading
global provider of mobile device diagnostics and secure data
erasure solutions, today issues this trading update for the six
months to 31 December 2016, in advance of its half yearly results
which will be announced on 14 March 2017.
The Board is pleased to report that trading in the first half of
the current financial year was strongly ahead of the same period
last year and expects this good trading to continue and the full
year results to be modestly ahead of consensus market
expectations.
The Group's erasure division saw good organic growth as the
business executes its strategy of targeting larger customers while
the Group's mobile diagnostics division has been fully integrated
and performed strongly, ahead of management's expectations. Both
divisions, which have high levels of customer retention, have a
strong pipeline of new business opportunities and the Board is
confident that the strong performance will continue in the second
half and into the next financial year.
Payments related to the disposals of the Regenersis repairs
business and later disposal of the related insurance business as
well as the costs related to the acquisition of part owned
subsidiaries have reduced cash balances since the financial year
end, however, excluding these M&A related costs, the underlying
Blancco business is cash generative.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/ 2014.
Enquiries:
Blancco Technology Group Plc +44 (0) 20 3657 7000
Pat Clawson, Chief Executive Officer
Keith Butcher, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0) 20 7418 8900
Richard Kauffer
Euan Brown
Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500
Dominic Morley, Corporate Finance
Charles Leigh Pemberton, Corporate Broking
Tulchan Communications +44 (0) 20 7353 4200
Tom Murray
Matt Low
About Blancco
Blancco Technology Group is a leading global provider of mobile
device diagnostics and secure data erasure solutions. For more
information, please visit www.blanccotechnologygroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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