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Dillistone Group PLC - AIM-listed supplier of software and services - Sees signs of a return towards "normality" in some of its key markets. The company notes that its current Talentis product subscription levels signal that revenue will not be significant in 2021, but it says it sees "very positive" early feedback to the product and growing numbers of paying subscribers.
"While it will take time for our recurring revenue to recover - and they will be down on 2020 when we had an extremely strong first quarter before the pandemic began - we do expect a significantly reduced pretax loss in 2021," says Chair Giles Fearnley.
In addition, Dillistone says Finance Director Julie Pomeroy will be retiring later in the year once a successor has been appointed and there has been an appropriate handover. Also, the company says Alex James will step down as an executive director from the end of September and will leave the business on or before the end of January 2022.
Current stock price: 22.00 pence, down 8.3% on Wednesday
Year-to-date change: up 50%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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