The SaaS group has had a "successful, dynamic year, driven by exciting global expansion".
Companies: DotDigital Group PLC
dotDigital (LON: DOTD) has announced its final results for the 12 months to June 17, as the Group's Dotmailer Software as a Service (SaaS) continues to be a favourite among marketers.
The Group reported Revenue growth of 19% to £32m, EBITDA growth of 26% to £10m and PBT growth of 30% to £8m. Net assets also grew by 21%.
Earnings Per Share has also increased 32% to 2.4p, while a full-year dividend of 0.55p has been proposed, up from the 0.43p per share issued last fiscal year.
The Group's marketing automation and email software has a roster of premium brands including The Premier League, CNBC, BetFred and Superdry.
Revenues outside its core UK market grew 48% and now represents 23% of total Group Revenues.
The period also saw the appointment of a permanent CEO in Milan Patel, who commented on the future for the Group:
"The first few months of the new financial year have started well and in line with plan. There has been an increase in the customer numbers that are being added across all regions to the platform compared to the previous year. The market outlook remains strong which puts us in a good position to capitalise on our strategy and the Board remains confident about achieving our ambitious growth plans."
Shares in DOTD jumped 8% today with the positive news,
N+1 Singer was optimistic in their note today on the Group, commenting:
"dotDigital trades on cal’18 EV/EBITDA of 13.9x, P/E of 23.6x and an ex-cash P/E of 20.4x. This is in the context of a forecast EPS CAGR of 23% (all organic) for the 3 years to June 2019. As such, we believe these multiples are attractive and that the shares will continue to grow into its rating. The added potential of accelerated growth through M&A is also highly appealing."
