2ergo Group plc
("2ergo" or "the Group")
Preliminary Results for the Year Ended 31 August
2010
2ergo is a leading multi-national provider of mobile business
strategy and sector specific solutions for organisations of all
sizes, and has been a pioneer of enabling innovative mobile
business solutions across multiple sectors and geographies since
1999.
The Group's clients range from multinational media and
entertainment businesses to international telcos; and from
financial services companies to global FMCG brands through to
SMEs.
2ergo is pleased to announce its preliminary results for the
year ended 31 August 2010 reflecting the programme of substantial
investment for the long-term development of the Group announced in
November 2009.
2010
£000 |
2009
£000 |
Revenue
|
21,423 |
32,565
|
Gross profit
|
10,616
|
10,887
|
Pre-tax (loss) / profit
(1)
|
(534)
|
3,813
|
EBITDA (1)
|
1,366
|
4,968
|
Basic loss per share
|
(1.55)p
|
(0.60)p |
(1) figures stated before notional interest charge on
deferred consideration in 2010 and before impairment of investment
in Broca plc in 2009
Highlights
• Full year results in line with expectations.
• Transitioned business through extensive investment in period to
maximise future growth.
• Investment already proving successful in Q1 2011, as evidenced
by 34% growth in gross profit over Q1 2010.
• Awarded prestigious 4 year contract with Transport for London
and many other blue chip client wins.
• Secured major blue chip contract wins in every region of
operation.
• Integration of acquisitions progressing well.
• Continued innovation and development into award winning product
set and technology.
• Enhanced development of the consumer analytical and behavioural
insight profiling module, "mobileDNA".
• Integrated Vouchernet, 2ergo's mobile couponing software, with
major EPOS suppliers.
Neale Graham, Joint Chief Executive of 2ergo,
commented:
"The underlying progress made by the Group during the reporting
period has been excellent. The Board concluded 12 months ago that
the growth of the mobile data channel was at a tipping point and
resolved to capitalise on the opportunity by committing to a period
of investment. We are pleased with the early signs of the returns
on that investment and believe that it has paved the way for
significant growth over the coming years".
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