*UKHotViewsExtra* - The Panoply: Strength in FY continues into Q1

The Panoply, which positions as an alternative provider of digital transformation to the public sector, is bullish in its financial year results announcement (to end March 2020). Its confidence is based on a strong performance in FY20 but also a positive Q1.

In FY20, revenue increased 43% to £31.5m. Though difficult to determine, due to the buy and build nature of the business, organic revenues look to have been in the region of about 3% (taking into account the acquisitions of FutureGov and Ameo). This was followed by organic revenue growth of 10% in Q1 – this, on a proforma basis assuming all acquisitions were part of the business in the comparable period. Adjusted EBITDA for the year increased by 32% to £3.4m; excluding the investment in the start-up businesses and central costs, underlying EBITDA increased 54% to £5.7m

The business is changing shape and is becoming more resilient as a result... Read more.

Posted by Georgina O'Toole at '09:43'