Proactis expects first-half earnings to rise on margin strength


Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Spend management group Proactis said it expected to report higher first-half earnings, despite a fall in sales, as margins improved.

Adjusted earnings before interest, tax, depreciation and amortisation for the six months through January were expected at £6.2 million, up from £5.6 million year-on-year.

Revenue was seen falling to £23.7 million, down from £24.5 million.

Proactis said margins improved following a restructuring of its management team and operating cost base.

'The group expects to be able to report performance in line with board's expectations for the period,' Proatics said of its outlook.

'Whilst the board is conscious of the ongoing impact that Covid-19 is having across the business, its confidence in the roup's prospects for the mid-term has been strengthened further through the strategic milestones that have been achieved during the period.'

At 8:41am: (LON:PHD) PROACTIS Holdings PLC share price was 0p at 38p

Related content

Proactis wins contract from Canadian garden group Sheridan Nurseries

Business spend management group Proactis said it had signed a three-year contract with Canadian garden centre Sheridan Nurseries.

The contract would see Proactis provide its...

Tue, 18/05/2021 - 08:55

Proactis wins contract from German transportation company

Spend management group Proactis said it had signed a five-year contract with a transportation company in Germany to provide business spend management solution.

'This contract...

Tue, 23/03/2021 - 07:52

Proactis wins Denbighshire council contract

Proactis Holdings has won a contract with Denbighshire County Council (DCC) to provide its early payment service bePayd.

It is anticipated bePayd will be used...

Wed, 24/02/2021 - 13:19

Proactis wins three-year contract from oil services business

Spend management group Proactis said it had signed a three-year contract with an oil and gas services business in North America.

'This contract win represents...

Wed, 10/02/2021 - 09:06

Proactis Holdings reports loss but highlights record new business year

Business technology provider Proactis reported a record year for new business in the 12 months to 31 July 2020, adding £14.6 million.

The total contract...

Thu, 29/10/2020 - 09:10