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Trading Update

8th Jan 2014 07:00

RNS Number : 1334X
Digital Globe Services Limited
08 January 2014
 

8 January 2014

 

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

 

Trading Update

 

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer acquisition solutions for large, consumer-facing organisations, is pleased to confirm that trading in the six months ended 31 December 2013 was in line with management's expectations, delivering high levels of growth in both revenue and EBITDA profit against the comparable period to 31 December 2012.

 

Integration of the business unit acquired in early November, re-named DGS Edu, is yielding positive results, with both revenue and EBITDA in line with management expectations.

 

DGS has continued to execute its growth strategy and the Board is confident that trading is continuing in line with market expectations for the remainder of the full year. DGS expects to announce interim results in March and notice of the intended date will be given in due course.

 

For further information please contact:

 

Digital Globe Services, Ltd.

 www.dgsworld.com

Jeff Cox, CEO

+1 303 736 2105

N+1 Singer

Shaun Dobson / Aubrey Powell / Matt Thomas

+44 20 7496 3000

Newgate Threadneedle

+44 20 7653 9850

Hilary Millar / Caroline Evans-Jones / Josh Royston / Jasper Randall

 

Overview of DGS

 

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, integrated websites and contact centre support, receiving a fee for each customer acquired for its clients.

 

DGS is seeking to establish itself as the leading international provider of outsourced online customer acquisition services, through its focus on having the premier technology platform for pricing and procuring paid search advertising on a cost effective basis. Paid search refers to the auction process for key search terms that search providers run and in which prospective advertisers, or their agents, compete in order to have their advertising or search results displayed.

 

By using its optimizing technology platform, dgSMART, and its experience of website management, efficient contact centre operations and other process expertise, DGS is able to bid appropriately and cost effectively for search terms in order to achieve conversion rates that deliver profitable, high quality customers to its clients.

 

DGS employs approximately 450 staff in Europe, North America and Asia. The Company currently has over 30 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500. In 2012, DGS commenced operations in Canada and Mexico and, in February 2013, its shares were admitted to trading on AIM, raising additional funds in order to support further growth opportunities in Latin America, Europe and Asia Pacific. In October 2013 DGS acquired the education business unit of a San Francisco based online customer acquisition company and began serving educational institutions. DGS has also recently started providing its customer acquisition services to the home automation and renewable energy sector, and is examining additional opportunities in the insurance, retail banking, utility and consumer technology sectors.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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