essensys pre-close trading update highlighted FY’20 revenue progression in-line with pre-CV19 market expectations. Group sales rose to £22.4m (+9% y/y), whilst recurring revenues rose +18% y/y to £19.3m supported by continued strong US growth (+43% to £8.0m; c.+10% h/h). Ongoing pipeline execution has offset modest moderation in periphery Marketplace volume-based revenues. Site deployment pipeline continues to look healthy, with 26 new Connect sites contracted for depl
18 Aug 2020
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Flexible yet resilient
essensys PLC (ESYS:LON) | 18.2 0 0.0% | Mkt Cap: 11.8m
- Published:
18 Aug 2020 -
Author:
Caspar Erskine -
Pages:
3
essensys pre-close trading update highlighted FY’20 revenue progression in-line with pre-CV19 market expectations. Group sales rose to £22.4m (+9% y/y), whilst recurring revenues rose +18% y/y to £19.3m supported by continued strong US growth (+43% to £8.0m; c.+10% h/h). Ongoing pipeline execution has offset modest moderation in periphery Marketplace volume-based revenues. Site deployment pipeline continues to look healthy, with 26 new Connect sites contracted for depl