25th Mar 2025 14:15
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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DigitalBox PLC - Bath, England-based digital media company and owner of brands such as The Daily Mash, The Tab and TV Guide - Pretax loss during 2024 narrows to GBP25,000 from GBP6.7 million in 2023. Revenue grows 29% to GBP3.6 million from GBP2.8 million, while administrative expenses reduce 64% to GBP3.2 million from GBP9.0 million. DigitalBox declares no dividend, unchanged from the year before. "We believe DigitalBox is well-positioned in the open advertising market, with the agility to adapt in real time while maintaining strong demand for its high-quality inventory. Global insights indicate a steady and measured market recovery throughout 2025, and we see no reason to question these forecasts at the current time. With improving conditions ahead, we are confident that the business is strategically placed to capitalise on the market's anticipated resurgence," said Chief Executive Officer James Carter. "Our portfolio has been expanded and is now more diverse and balanced than at any time in the company's history. This offers greater resilience and higher growth potential. Over the next 3 years we have an ambitious plan to at least double the size of the business. This will involve organically launching and expanding brands to build audiences in English language markets."
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Journeo PLC - Leicestershire-based transport system services provider - Pretax profit rises 35% during 2024 to GBP5.0 million from GBP3.7 million in 2023, on revenue growth of 7.6% to GBP49.6 million from GBP46.1 million. Underlying administrative expenses increase 28% to GBP12.9 million from GBP10.1 million. "In addition to our financial performance, we have made significant operational improvements. We have formed the Journeo Design Centre to create new world-class products and made strategic investments for our next growth phase with new appointments to our senior leadership team. We have also made steps forward in our [environmental, social and governance] and carbon reporting and are progressing with a number of potential complementary acquisitions," says CEO Russ Singleton. "We move forward into 2025 with confidence that we will continue to deliver stakeholder value as the group benefits from government-backed initiatives for the more sustainable, safer and more secure communities and transport of the future."
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GetBusy PLC - Cambridge, England-based document management and productivity software provider - Swings to pretax profit of GBP594,000 in 2024 from a GBP509,000 loss in 2023. This is driven by revenue growing 1.4% to GBP21.4 million from GBP21.1 million and operating costs reducing 5.2% to GBP18.4 million from GBP19.4 million. Annualised recurring revenue at December 31 was GBP21.6 million, compared to GBP20.5 million at the same time in 2023. CEO Daniel Rabie says: "We're excited to have deepened our longstanding strategic partnership with Intuit, one of the dominant players in the US accounting market, powering the only document management solution natively integrated with ProConnect, Intuit's next generation cloud tax prep application. New business in Workiro has been encouraging, exceeding our average selling price expectations and providing additional confidence the enterprise market targeted by Workiro is characterised by large deal sizes and low churn, driving strong customer lifetime value." GetBusy reconfirms a GBP24 million market consensus for revenue in 2025, which would be up 12% on-year.
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Ultimate Products PLC - Manchester, England-based owner of homeware brands including Salter and Beldray - Pretax profit for the six months that ended January 31 falls 47% to GBP5.1 million from GBP9.5 million the year before, as the group is hit with weak UK consumer demand and lower air fryer sales. Revenue for the six-month period declines 5.6% to GBP79.5 million from GBP84.2 million, while UK revenue alone tumbles 13% to GBP50.4 million. This is partially offset, however, by "encouraging" international sales growth and "strong" demand from European discounters. CEO Andrew Gossage says: "We are confident that our strategy is delivering long-term benefits for the business and continue to focus on operational excellence and efficiency. Our ongoing investments in automation and [artificial intelligence] are driving significant productivity, enhancing our ability to serve customers. This exciting work is increasingly being initiated by our graduates, who continue to astound with their problem-solving ideas. By maintaining our strategic focus and continuing to strengthen our position in Europe, we are well placed to drive sustainable long-term growth." Ultimate Products reduces its interim dividend to 1.55 pence per share, down 37% from 2.45p the year before. Trading for the full year due to end July 31 remains in line with a company-compiled market consensus of GBP155.0 million in revenue and GBP11.1 million adjusted pretax profit, down 0.3% on-year from GBP155.5 million and down 23% from GBP14.5 million respectively.
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By Emily Parsons, Alliance News reporter
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