First Derivatives PLC Trading Update (1993V)
April 13 2021 - 2:00AM
UK Regulatory
TIDMFDP
RNS Number : 1993V
First Derivatives PLC
13 April 2021
13 April 2021
First Derivatives plc
("FD" or the "Group")
Trading update
FD (AIM: FDP.L, Euronext Growth: FDP.I) announces that it traded
in line with market expectations for the year to 28 February 2021,
generating revenue of GBP238m and adjusted EBITDA of GBP40m. Net
debt at the period end was GBP10m, which is better than analyst
forecasts and significantly reduced from the Group's net debt of
GBP49m a year ago. The improvement in net debt is primarily driven
by strong operating cash conversion, supplemented by the partial
sale of our investment in Quantile Technologies for cash
consideration of GBP11m.
The Group will announce full year results on 18 May 2021.
Enquiries
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Seamus Keating, Chief Executive Officer www.firstderivatives.com
Ryan Preston, Chief Financial Officer
Ian Mitchell, Head of Investor Relations
Investec Bank plc (Nominated Adviser and Broker)
Andrew Pinder
Carlton Nelson +44 (0)20 7597
Sebastian Lawrence 5970
Goodbody (Euronext Growth Adviser and Broker)
David Kearney
Don Harrington
Finbarr Griffin +353 1 667 0420
FTI Consulting
Matt Dixon
Dwight Burden
Darius Alexander +44 (0)20 3727
Elena Kalinskaya 1000
About FD
FD is a global technology provider with more than 20 years of
experience working with some of the world's largest finance,
technology, automotive, manufacturing and energy institutions. The
Group's KX technology, incorporating the kdb+ time-series database,
is a leader in high-performance, in-memory computing, streaming
analytics and operational intelligence. KX delivers the best
possible performance and flexibility for high-volume,
data-intensive analytics and applications across multiple
industries. FD operates from 15 offices across Europe, North
America and Asia Pacific, including its headquarters in Newry, and
employs more than 2,400 people worldwide.
For further information, please visit www.firstderivatives.com
and www.KX.com
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END
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