Preliminary results for the year ended 28 February 2019
21 May 2019
FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its audited results for the year ended 28 February 2019.
Financial Highlights
| Year to 28 February | 2019 | 2018 | Change |
| Revenue | £217.4m | £186.0m | +17% |
| Gross profit | £91.3m | £78.5m | +16% |
| Adjusted EBITDA* | £38.9m | £34.1m | +14% |
| Profit** before tax | £16.7m | £12.1m | +38% |
| Adjusted*** profit after tax | £22.9m | £19.5m | +17% |
| Adjusted*** fully diluted EPS | 83.2p | 72.2p | +15% |
| Reported diluted EPS | 47.9p | 37.8p | +27% |
| Full year dividend per share | 27.0p | 24.0p | +13% |
| Net debt | £16.5m | £16.2m |
*Adjusted for share-based payments and acquisition costs
**Includes foreign currency translation effect and deferred consideration on prior acquisitions
***Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss on associate and exceptional taxation
Business Highlights
- Revenue growth up 17% (2018: 23%) with software license revenue growing by 28% (2018: 25%)
- FinTech revenue up 17% to £166.7m (2018: £142.9m), driven by an expansion of services provided to clients and new contract wins including the Canadian Securities Administrators, BitMEX and a major Japanese bank
- MarTech revenue up 8% to £41.4m (2018: £38.2m), driven by 25% growth in subscriptions for our Marketing Cloud platform, powered by Kx
- Revenue from other markets increased by 85% to £9.3m (2018: £5.0m), further evidencing the initial success of our strategy to penetrate high-value markets such as Industrial Internet of Things, automotive and precision manufacturing
- High-profile new client wins across the business including Fingrid, BISTel and Survalent and significant contract expansion and appointment as Innovation Partner with Aston Martin Red Bull Racing
- Enhanced partnership and collaboration activity including with Amazon Web Services, Google, H20.ai and CGI
- Agreement to acquire the minority shareholdings in Kx Systems, taking 100% ownership by 29 June 2019, funded by new financing facilities on improved terms
- Strong momentum into new financial year combined with record pipeline provides confidence in continued organic growth.
Read the full press release here
