Dotdigital Group PLC on Wednesday said its full year profit increased, due to existing client growth and improved customer retention in Europe, the Middle East & Africa.

The London-based online marketing automation company said pretax profit grew 5.7% to £13.6 million for the year ended June 30 2022, from £12.9 million last year.

Revenue increased 8% to £62.8 million from £58.1 million, with growth across all global regions.

Dotdigital’s earnings before interest, tax, depreciation and amortisation grew 10% to £21.7 million from £19.8 million. The company said this follows an improving margin due to a 22% rise in email marketing volumes.

Looking ahead, Dotdigital said revenue growth and profitability for the new financial year are expected to be ‘marginally ahead’ of forecasts.

Dotdigital will pay a final dividend of 0.98 pence per share, up 14% year-on-year from 0.86p.

Dotdigital shares were up 3.5% to 85.49 on Wednesday afternoon in London.

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