Saturday 29 April 2017

Datalex reports revenue of €52.4m for 2016 - up 19pc on previous year

The company is a market leader in digital commerce for travel retail
The company is a market leader in digital commerce for travel retail

Ellie Donnelly

Datalex has announced revenue of €52.4m ($55.3m) for 2016, up 19pc on the previous year.

The company, which is a market leader in digital commerce for travel retail, recorded adjusted Earnings Before Interest, Taxation, Depreciation, and Amortization (EBITDA) growth of 18pc to $12.2m.

Cash generated from operations was up 32pc year on year to $17.1m, while the year-end cash balance was up 12pc year on year to $24.3m.

In its outlook statement, the company noted a continued expansion of its market opportunity, while the demand for its product continues to grow.

The company said that it will continue to invest in its product and people and that it expects 15-20pc growth in adjusted EBITDA in the coming year. This would represent an eighth consecutive year of double-digit growth for the company.

Shares in the company yesterday closed at €3.86 on the ISEQ.

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