FD Technologies expects FY22 revenue in line with guidance
FD Technologies plc (LON:FDP) today provided a trading update for the financial year ending 28 February 2022 in advance of full year results expected to be announced on 10 May 2022.
The Group expects to achieve its revenue and adjusted EBITDA guidance for the year. Let’s recall that FD Technologies expects revenue for the current financial year to be in the range of £255m to £260m, with adjusted EBITDA in the range of £31m to £33m.
Delivery of the accelerated growth strategy announced in May 2021 remains on track, enabling KX to achieve its target of 25% growth in exit Annual Recurring Revenue, driven by increasing take-up of the KX Insights platform. Combined with the recent announcement of FD Technologies’ strategic partnership with Microsoft means FD has entered the new financial year in a position to build on this momentum.
Seamus Keating, CEO of FD Technologies, commented:
“I am pleased with our financial performance and the execution of our accelerated growth strategy in what was a year of transformation for the Group. I’m excited by the opportunities across our business as we win new customers and continue to develop our offering to drive value, performance and returns.”