ARCONTECH GROUP PLC
("Arcontech" or the
"Company")
Trading Update & Notice of
Results
Arcontech (AIM: ARC), the provider of products
and services for real-time financial market data processing and
trading announces that for the year ended 30 June 2024 (FY24)
turnover is expected to be ahead of market expectations by
approximately 4% as result of increased use of product by certain
customers, whilst adjusted profit before tax is expected to be
ahead by approximately 20%, as a result of the aforementioned
increased product usage and certain planned staff costs only being
incurred at the end of the financial year (FY24).
Expectations for the current financial year
(FY25) remain unchanged.
Financial expectations noted above are
preliminary and subject to year-end financial close and audit
review processes.
Notice of
Results
The Company's results for the 12 months ended
30 June 2024 are expected to be announced in early September 2024
and the Board look forward to updating shareholders with further
details at that time.
Enquiries:
|
Arcontech Group plc
|
020 7256 2300
|
|
Geoff Wicks, Chairman and
Non-Executive Director
|
|
|
Matthew Jeffs, Chief
Executive
|
|
|
|
|
|
Cavendish Capital Markets Ltd (Nomad
& Broker)
|
020 7220 0500
|
|
Carl Holmes/George
Dollemore
Harriet Ward (ECM)
|
|
The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014. Upon the publication of
this announcement via Regulatory Information Service, this inside
information is now considered to be in the public
domain.
About
Arcontech
Arcontech Group Plc (LSE: ARC) is the leading
independent provider of financial market-data infrastructure and
display solutions. With multi-source data collection, value added
processing, publishing, distribution and display, Arcontech
provides a highly performant, cost effective and flexible
alternative to traditional market data infrastructure or building
it in-house.
Solutions can be "off-the-shelf", customised or
completely new developments; Cloud, On-prem or Hybrid. Our deep
domain knowledge and automated test suite ensure the right solution
at the right time at the right price.
We are also Bloomberg, Refinitiv and Symphony
development partners underlining our independence and ability to
deliver viable, value added, vendor agnostic solutions to meet
financial institutions real-time market data workflow
needs.
Our clients include Global Tier 1 and Tier 2
financial market participants along with key market
regulators.
For more information about us and what we can do
for you, please visit: www.Arcontech.com