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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NAHL Group PLC - Northamptonshire, England-based insurance claims management - Expects revenue for 2022 to reach £41.5 million, up 6.5% from £38.9 million a year earlier. Pretax profit is expected to jump to £600,000 from £200,000 as operating profit rises 16% to £4.8 million from £4.2 million a year earlier. Says pretax profit is anticipated to be ahead of market expectations. Net debt reduces significantly to £13.3 million as at December 31, compared to £15.5 million on the same date a year before. This is ahead of market view of £14.1 million. ‘Looking ahead, whilst the personal injury market remains subdued, we are cautiously optimistic that the investments we are making leave us well placed to continue our growth and strong cash generation in 2023,’ Chief Executive Officer James Saralis says.
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Bango PLC - Cambridge-based mobile commerce company - Expects 2022 revenue to increase by 59% to $32.9 million from $20.7 million a year earlier. Annual recurring revenue in December amounts to $5.0 million, five times higher year-on-year. Adjusted earnings before interest, tax, depreciation and amortisation amounts to $4.1 million, down from $6.1 million the year before, including the ‘initial negative contribution from the DOCOMO Digital acquisition as expected,’ Bango explains.
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Deltex Medical Group PLC - Chichester-based cardiac monitoring system maker - Posts 2022 revenue of £2.5 million, up 10% from £2.3 million a year ago. Cash as at December 31 stands at £500,000, compared to £400,000 a year earlier. Says it continues to work on securing ‘a small number of substantial orders within its International division, including the potential expansion of an order from a distributor in Latin America’.
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Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Expects revenue for 2022 to be £50.5 million, up 10% from £46.0 million a year earlier. Sales volumes, however, are 10% below 2021. This is due to ‘changes in consumer behaviour, delisting of certain products by customers and overall reduced customer demand,’ Robinson explains. Operating profit before exceptional items and amortisation of intangible assets is expected to be in line with with current market expectations. Says it is in process of applying further ‘substantial’ sales price increases.
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Eleco PLC - London-based construction software developer - Anticipates annualised recurring revenue is expected to reach £18.2 million, up from £16.0 million in 2021. However, anticipates 2022 revenue to be £26.6 million, down from £27.0 million in constant currency, as a result of the transition away from upfront perpetual licences,‘ Eleco explains. Says this, together with earnings for the year, is in line with market view. Market consensus for 2022 revenue was £27.3 million.
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