The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - For 2021, pretax loss narrows to £57.6 million from £94.7 million the year before, on revenue which grows 39% year-on-year to £141.4 million from £101.8 million, which marks a recovery to 40% of company’s 20219 levels. RevPAR rises 22% to £35.9 from £29.4, and occupancy improves to 30.7% from 28.0% the prior year. Stronger performance is buoyed by the vaccination rollout in several countries, and the easing of Covid-related restrictions from the second quarter onwards. Will not declare a dividend for 2021, but will review future payouts depending on the recovery trajectory.
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Vitec Group PLC - Richmond, west London-based photography and video products maker - For 2021, swings to pretax profit of £29.6 million from a loss of £7.7 million, on revenue which grows 36% year-on-year to record levels of £394.3 million from £290.5 million, with increases across all divisions reflecting a strong market recovery. Declares final dividend of 24.0 pence per share, bringing the total payout to 35.0p, hiked from 4.5p. Looking ahead, Vitec says 2022 started well with record order intake, and remains confident despite short-term component shortages and inflation. Also looking to change group name at 2022 annual general meeting.
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Revolution Bars Group PLC - Ashton-under-Lyne, England-based bar chain - For the 26 weeks ended January 1, swings to pretax profit of £4.3 million from loss of £17.7 million the same period a year before, as total sales more than triple to £74.1 million from £21.6 million, aided by relaxed restrictions, allowing the return of students, office workers and increased staycations. Looking ahead, return to like-for-like sales growth in February, and expects annual adjusted earnings before interest, tax, depreciation and amortisation to be at the top end of market expectations, which is set between £8.0 million and £10.0 million.
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Volvere PLC - turnaround investment firm based in Leamington Spa, England - For 2021, expects to report a pretax profit of around £70,000, swinging from a loss of £550,000 the year before, on revenue which is set to grow 16% year-on-year to £35.6 million from £30.8 million, driven by a stronger performance from Shire Foods and Indulgence Patisserie Ltd. Looking ahead, challenges related to cost increases and labour availability in 2021 are present in 2022, however, environment for turnaround investing is improving.
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Uniphar PLC - Dublin-based healthcare services firm - For 2021, pretax profit increases 32% to €50.4 million from €38.4 million, on revenue which grows 6.5% year-on-year to €1.94 billion from €1.82 billion, with growth from all businesses, particularly Supply Chain & Retail which exceeds gross profit guidance. Looking ahead, keeps medium term guidance of mid-single digit growth in Commercial & Clinical, double-digit from Product Access and low-single digit in Supply Chain & Retail.
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essensys PLC - London-based software and cloud services for flexible workspace industry - For the six months ended January 31, revenue increases 3% year-on-year to £10.9 million, with continued demand from existing and new customers. Leads to anticipation that adjusted loss before interest, tax, depreciation and amortisation will be slightly better than management expectations. Looking ahead, to full year, adjusted Lbitda is set to be no more than £7 million, and revenue is expected to be at least £23.5 million, up 6.8% from £22 million the prior year. However, expansion and acceleration of its go-to-market activities has been delayed by ‘continued Covid related uncertainty’. Also results in extended sales cycles leading to lower-than-anticipated sales bookings year-to-date.
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Fiske PLC - London-based stockbroker and investment manager - For the six months ended November 30, pretax loss narrows to £6,000 from £103,000 the same period a year before, as revenue grows 6% year-on-year to £2.9 million from £2.7 million, driven by a rise in investment management fee income on new client wins, more than offsetting a drop in commission income as market conditions were less volatile.
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PCI-PAL PLC - London-based call centre software provider - For the six months ended December 31, pretax loss narrows to £1.1 million from £2.3 million, on revenue which grows 72% year-on-year to £5.5 million from £3.2 million, as total annual contract value rises 36% to £11.3 million from £8.3 million. Looking ahead, makes strong start to the second half, with revenue momentum and the launch of its Australian business.
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Calnex Solutions PLC - provider of test and measurement solutions for the telecommunications sector - Reports strong levels of trading in the six months ending September 31, and subject to the fulfilment of scheduled orders in March, results for the year ending March 31 are set to e in line with market expectations. Calnex is on-track to begin the 2023 financial year with a record order book across all product lines, leading to revenue and operating profit for the year being set to come ahead of market expectations.
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European Smaller Companies Trust PLC - fund that seeks capital growth by investing in smaller companies in Europe outside the UK - For the six months ended December 31, net asset value total return is negative 1.4%, compared to the Euromoney Smaller European Cos (ex-UK) index, which made a positive return of 4.1%. As at December 31, net asset value per share drops 2.4% to 204.69 pence from 209.71p at the end of June. Declares dividend per share of 1.25 pence, up 22% from 1.025p a year prior.
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GetBusy PLC - Cambridge, England-based document management and productivity software provider - For 2021, pretax loss widens to £2.3 million from £1.1 million on rising costs, which more than offset a 8.5% rise in revenue to £15.4 million from £14.2 million, as annual recurring revenue grows 16% to £15.8 million, due to new business and ongoing demand. Looking ahead, for 2022 adjusted Ebitda is expected to approach breakeven, while strong ARR momentum will have group revenue at no less than £17.0 million.
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MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis - For the six months ended December 31, pretax loss widens to A$7.6 million from A$5.9 million, due to higher administrative costs and one-off impairments arising from the MedicaNL acquisition. This was in spite of revenue more than tripling to A$2.6 million from A$741,911 through strong sales of Artemic, its Covid-19 supplement.
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