System1 Group PLC Trading update (9161F)
2023年7月13日 - 3:30PM
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RNS Number : 9161F
System1 Group PLC
13 July 2023
13 July 2023
System1 Group PLC (AIM: SYS1)
("System1", or "the Company", or "the Group")
System1 today issues an update on trading for the quarter ended
30 June 2023 (Q1).
Revenue GBP million -
unaudited Q1 FY24 Q1 FY23 Q1
Jun-23 Jun-22 % YoY
---------------------------------- -------- -------- ------
Predict Your (data) 4.0 3.0 36%
Improve Your (data-led
consultancy) 0.9 0.8 15%
Platform Revenue 4.9 3.7 32%
---------------------------------- -------- -------- ------
Other consultancy (non-platform) 1.3 1.5 -16%
Total Revenue 6.2 5.2 18%
---------------------------------- -------- -------- ------
During Q1, the Company made further progress towards the
strategic objectives that the board set out following the 2022
strategic review, growing standard Predict Your and Improve Your
products by 32% versus Q1 FY23 and introducing new ad-testing
variants specifically for digital and audio.
Predict Your (data) revenue grew by 36% on the comparable
prior-year quarter to GBP4.0m, and Improve Your (data-led
consultancy) revenue increased by 15% over the comparable
prior-year quarter to GBP0.9m, bringing total platform revenue to
GBP4.9m up 32%.
Total Group revenue grew by GBP0.9m (18%) on Q1 FY23 including a
GBP0.2m reduction in non-platform consultancy, and growth in the US
was in line with the Group.
The Company scored a series of new customer wins in the quarter.
In the US, these included one of the world's largest publicly
traded international oil and gas companies, a worldwide employment
website, a global chocolate manufacturer, and a significant
provider of search and advertising services on the internet. In
Europe, the Company has begun working with a multinational
manufacturer of luxury vehicles, a leading short-haul airline and
an international business software company.
Partnerships
During the quarter the Company published and road-showed at
Cannes and MADfest London four separate thought leadership pieces
on creative effectiveness in collaboration with four new partners,
namely, Pinterest (digital advertising in Europe), Finecast
(addressable TV advertising US, UK Canada, Australia), Teads
(mobile advertising US and UK) and JCDecaux (out-of-home
advertising US and UK). The Board is encouraged by the development
of these new partnerships and the adoption of System1's methodology
across further advertising formats.
Products
In line with the plans announced last quarter, System1 launched
two new Test Your Ad product variants. TYA Digital launched in May
following the roll out of TYA Audio in April. It is early days for
both these products, but initial customer reaction has been
pleasing.
Commenting on the trading update, CEO James Gregory said: "The
sales momentum in the platform business continues, with Q1 Predict
Your revenue beating last year's comparable number by 36% and total
platform revenue up 32%. I am also pleased to see System1's new
product and fame-building initiatives attract new customers and
partners".
Preliminary Results
The Company intends to release its preliminary results for the
year ended 31 March 2023 on 1 August 2023
Further information on the Company can be found at
www.system1group.com .
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
this information is now considered to be in the public domain.
For further information, please contact:
System1 Group PLC Tel: +44 (0)20 7043
1000
James Gregory, Chief Executive Officer
Chris Willford, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser Tel: +44 (0)20 7523
& Broker) 8000
Simon Bridges / Andrew Potts
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END
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July 13, 2023 02:30 ET (06:30 GMT)
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