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Proactis doubles full-year revenues, swings to a profit

Tue, 30th Oct 2018 10:52

(Sharecast News) - Proactis swung to a profit in its last trading year after the AIM-listed outfit successfully doubled revenues throughout the period.Proactis, which provides sales and procurement management software tools to companies, saw pre-tax profits come in at £3.7m for the year ended 31 July, swinging from the £2.7m loss reported twelve months earlier.Revenues rocketed 105% to £52.2m, driven by a £16m contribution from its operations on the continent.Proactis, which acquired Perfect Commerce as part of a $123.5m reverse takeover in July 2017, also turned in an improved performance in the US as a result of its increased presence in the market.EBITDA soared 119% to £17.3m.Proactis raised its final dividend to 1.5 pence per share from the 1.4p returned to investors a year earlier.Statutory earnings per share came in at 5.4p - a marked turnaround from the loss of 5.9p per share seen in 2017.Looking forward, Proactis plans to accelerate organic growth in the US and mainland Europe.Chief executive Hamp Wall, said: "The group's new business performance is as strong as we had planned for and our retention performance has recovered to more normalised levels after a disappointing period."The new name and upsell performance was strong in both volume and value and this gives me confidence that we will see a return to sustainable organic growth with a significant opportunity for enhancement in the United States and North West Europe."Debt increased more than 3,000% to £29.3m.As of 1150 BST, Proactis shares had picked up 2.83% to 136.25p.
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7 Aug 2018 11:26

Proactis To Report Significant Rise In Full-Year Earnings

LONDON (Alliance News) - Proactis Holdings PLC on Tuesday said it agreed to acquire software business Esize Holdings BV and expects to report a significant rise in earnings for the recently ended

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24 Apr 2018 14:57

Proactis Shares Fall On Customer Losses Despite Increased Earnings

LONDON (Alliance News) - Shares in Proactis Holdings PLC plummeted Tuesday as the company reported higher than expected customer losses and despite an increased profit for the six months to end of

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13 Mar 2018 13:11

Proactis Subsidiary Ups Hubwoo Holding To Almost 90% (ALLISS)

LONDON (Alliance News) - Proactis Holdings PLC said Tuesday a subsidiary has increased its stake in French firm Hubwoo SA to 89% under a tender offer.The spend control

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30 Jan 2017 16:19

Director dealings: Proactis new CEO takes proactive approach

(ShareCast News) - Proactis chief executive designate Tim Sykes, his chairman and one other director have together bought £175,000 of shares in the spend-control software company, as the company continues its search for a full-time CEO. Chief financial officer Sykes, whose appointment as CEO designa

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17 Nov 2016 09:45

Proactis completes £15.5m Millstream acquisition

(ShareCast News) - Proactis Holdings, a spend control software provider, has completed the acquisition of Millstream Associates, a provider of e-procurement systems and services to the public sector, for about £15.5m. The acquisition was funded through a share placing of 9.2m shares to raise about £

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10 Nov 2016 09:44

Proactis to buy Millstream Associates for £15.5m

(ShareCast News) - Proactis, a spend control software provider, has agreed to buy Millstream Associates, a provider of e-procurement systems and services to the public sector, for £15.5m as part of its growth strategy. The payment will be on a cash free and normalised working capital basis funded by

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10 Nov 2016 09:23

Proactis Launches Share Placing To Fund Millstream Acquisition (ALLISS)

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5 Oct 2016 15:09

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7 Jun 2016 06:55

Proactis Secures Supplier Network Deal With P&O Ferrymasters

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27 Apr 2016 10:43

PROACTIS Interim Revenue And Profit Higher Amid Multi-Year Deals

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6 Apr 2016 06:44

PROACTIS Wins Suppler Network Contract With Flintshire County Council

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11 Feb 2016 08:52

Proactis Holdings To Meet Expectations For First Half

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3 Feb 2016 08:55

PROACTIS Buys Due North From Access Intelligence For GBP4.5 Million

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3 Feb 2016 08:52

Proactis acquires eProcurement solutions company

(ShareCast News) - AIM-listed Proactis Holdings has purchased eProcurement solutions company Due North from Access Intelligence. The specialist spend control software provider announced it acquired the entire issued share capital for £4.5m. The acquisition is expected to enhance the company's po

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