Progressive Digital Media Group preliminary results for the year ended 31 December 2012.

Business information business Progressive Digital Media Group Plc has announced preliminary results for the year ended 31 December progressive2012.

Full details of preliminary results

Highlights

  • Group revenue increased by 6.9% to £53.9m (2011: £50.4m)
  • Adjusted EBITDA increased by 25.6% to £9.1m (2011: £7.2m)
  • Adjusted EBITDA margin increased to 16.9% (2011: 14.4%)
  • Reported EBITDA increased by 31.8% to £7.4m (2011: £5.6m)
  • Reported profit before tax of £4.3m (2011: £1.4m) inclusive of £0.9m restructuring costs and £0.8m share based payment charge
  • Cash generated from operations increased to £6.4m (2011: £2.9m)
  • Net cash of £6.2m (2011: net debt £22.5m)
  • Acquisition of Kable, one of the UK’s leading providers of technology expenditure intelligence on 2 July 2012. See the DigiNet article on the Kable acquisition.

Simon Pyper, Managing Director of Progressive Digital Media Group Plc, commented:

“This is the Group’s fourth consecutive year of revenue and earnings growth. We have made good progress across a broad range of our most important metrics. This past year we focused on putting in place the building blocks for future long-term growth and eliminating the distractions of our former email marketing business. We continued investing in our Business Information products, acquired a complementary business and re-engineered our balance sheet to both fund future growth and, when appropriate, to distribute dividends to our shareholders.”

UK, London

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