Dillistone is a supplier of software solutions to the international recruitment industry, a global industry that significantly and rapidly downscaled in the face of the COVID pandemic, but, in our view, now looks to be pivoting towards growth. The impact for Dillistone, in terms of FY2020, was a 21% decrease in revenue to £6.3m (FY 2019A: £8.0m), with recurring revenues reducing 13% to £5.7m. However, the full year benefit of cost synergies enacted in 2019, plus the accessing of Government suppo ....
29 Apr 2021
WHI Morning Comment: Dillistone (DSG) - FY 2020 Results – Readying for the cyclical upturn
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WHI Morning Comment: Dillistone (DSG) - FY 2020 Results – Readying for the cyclical upturn
Dillistone Group Plc (DSG:LON) | 9.0 0 0.0% | Mkt Cap: 1.77m
- Published:
29 Apr 2021 -
Author:
Matthew Davis -
Pages:
4
Dillistone is a supplier of software solutions to the international recruitment industry, a global industry that significantly and rapidly downscaled in the face of the COVID pandemic, but, in our view, now looks to be pivoting towards growth. The impact for Dillistone, in terms of FY2020, was a 21% decrease in revenue to £6.3m (FY 2019A: £8.0m), with recurring revenues reducing 13% to £5.7m. However, the full year benefit of cost synergies enacted in 2019, plus the accessing of Government suppo ....