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Kape Technologies PLC - Isle of Man-based digital security and privacy software provider - Says trading has been strong in first quarter of 2022, with ‘robust’ organic growth.
‘We remain well-positioned to deliver on our guidance of revenues of between $610 million to $624 million and pro-forma adjusted Ebitda of between $166 million to $172 million for the full year 2022,’ Chair Don Elgie says. Notes the earnings rise will be more than double the year prior.
Elgie adds: ‘The integration of ExpressVPN, acquired in December 2021, is well underway, and, alongside bolstering our go-to market and R&D capabilities, we have already begun to realise significant operational benefits to date, including cost-savings on back-office consolidation and leveraging economies of scale as well as ongoing synergies in the infrastructure and marketing.’
Believes it is in ‘prime position’ to ‘lead the market’.
Current stock price: 332.00 pence, down 3.8% on Thursday
12-month change: up 8.9%
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