Thursday, 03 Nov 2016

Artilium reports positive full year results

Artilium PLC ("Artilium") (AIM: ARTA), the AIM quoted provider of innovative telecommunication software and solutions, reports full year results for the year ended 30 June 2016.

Highlights

 ·       Significant revenue growth of 25.7% to €9.6 million(€7.7 million in FY15)

 ·       Adjusted EBITDA margin of 3.3% (0.5% in FY15)

 ·       Acquisitions of Comsys and Livecom have been successfully integrated and have enhanced Artilium’s IT and telecom offerings

 

Post Period End

 ·       Introduction of KYC (Know Your Customer) Solution for secure and easy identification and authentication of mobile prepaid customers

 ·       Strategic alliance with Green IT Globe NV to launch the OneApp platform, enhancing Artilium’s offering to operators and MVNOs

 ·       New MVNO contract signed with Overal Mobiel to enhance the Artilium offering in the Netherlands

 

Commenting on the Company's results, Bart Weijermars, CEO:

 “I am very pleased to report continued strong growth in both our core telecom business and strategic acquisitions made in the period. Alongside new MVNO contracts and strategic partnerships, these additions to ARTA’s platform demonstrate our commitment to developing Artilium’s software offering as well as increasing the geographical presence of our distribution channels. New business opportunities in the market are constantly being presented to us and our expanded service capability now enables us to capture these and cross-sell across our IT and telecoms businesses. The Group is well positioned to realise the potential opportunities in the market in 2017 to further enhance our strong procurement proposition as we seek to offer new solutions and added value to our customers.”

Full annual report