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UK – Dillistone releases positive trading update

14 February 2014

Dillistone Group PLC (DSG: LSE), the UK-based supplier of recruitment software, announced yesterday that, for the year ended 31 December 2013, it expects its performance to be in line with market expectations.

Mike Love, Chairman of Dillistone, commented: “2013 has been another successful year for the Group from an operational and financial perspective. The positive trends seen in the first half of 2013 were cemented by some notable successes in the second half, though trading was somewhat variable across territories.”

According to Dillistone’s trading update, the FCP Internet business, acquired in July, has been successfully integrated within its Voyager Software division and is expected to make a positive contribution to the Group’s results.  Voyager Software has successfully implemented its largest ever project, and Dillistone Systems – which celebrated its 30th anniversary in 2013 - expects to deliver its highest ever revenue.  The Group continues to invest in product development and support services, and has strengthened its depth of management during the year.

“We remained cash generative and, with FCP making a positive impact, are well positioned for 2014,” Mr Love concluded. 

In trading yesterday, the company’s share price remained static at £1.14, an increase of +42.6% compared with a year ago. Based on its current share price, the company has a market value of £20.7 million. 

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