TIDMEYE
RNS Number : 6174T
Eagle Eye Solutions Group PLC
16 November 2023
16 November 2023
Eagle Eye Solutions Group plc
("Eagle Eye", the "Group", or the "Company")
AGM Trading Statement
Positive momentum carried into Q1 - FY24 trading in line with
management expectations
Eagle Eye, a leading SaaS company that creates digital customer
connections enabling personalised, real-time marketing, provides
the following trading update ahead of the Company's Annual General
Meeting ("AGM") to be held at 1.00 p.m. today.
Positive momentum carried into Q1 FY24
The Group entered FY24 with good momentum and for the first four
months of the year has delivered revenue and profit growth in line
with its "Rule of 40" objective. This continued growth reflects the
increasing relevance of Eagle Eye's technology as retailers turn to
data driven, personalised promotions and rewards as one of the most
effective ways to drive increased trade and retain customer
loyalty, in the current difficult economic climate. Continuing to
meet the Group's objectives, together with the growing earnings and
cash flow generation, enables Eagle Eye to invest in its business,
people, and innovation to drive future growth.
The Group's continued strong performance has principally been
driven by deepening existing relationships across all key
geographies, supporting the Group's continued strong level of NRR.
Highlights include expansion with Asda in the UK, Woolworths in
Australia, and a large grocer in the US. It will have been a year,
in January 2024, since Eagle Eye welcomed Untie Nots into the
Group, which has provided an additional channel for growth,
increased cross-sale opportunities, and has brought valuable AI
capabilities into the business. The successful acquisition of Untie
Nots demonstrates the benefits Eagle Eye can bring to other
businesses looking to scale, and the Group continues to assess the
market for earnings enhancing acquisition opportunities, as part of
its growth strategy.
The Group was pleased to announce earlier this week continued
industry recognition for its world class culture and innovation,
moving up the rankings to 7(th) place in the UK's Best Companies to
Work for, and being named the 7(th) most innovative marketing
technology company in the world in the recent TMW 100 awards, where
it also received the prestigious Judges Pick accolade. These awards
mark the continued successful embodiment of the Golden Rule:
treating people as they'd like to be treated, which is the guiding
principle behind the Group's world-class culture, as well as its
market-leading products which enable retailers to treat their
customers as they'd like to be treated through the power of
personalisation.
As previously announced, Malcolm Wall, Chair of Eagle Eye, will
retire from his position following today's AGM. Malcolm has
provided significant guidance to the business since Eagle Eye
joined AIM in 2014, and the Board would like to thank him for his
service and wish him all the very best for the future.
Non-Executive Director, Anne de Kerckhove, will assume the Chair
role at the close of the AGM. She brings a wealth of experience in
the technology, media, and entertainment industries and in leading
and advising high growth, international businesses.
Confident full year outlook
The Group is focused on delivering sustainable and profitable
growth and is particularly excited by the opportunity for EagleAI,
its new AI offering launching in 2024, building on the capabilities
brought into the Group with the acquisition of Untie Nots. With a
growing addressable market and sales pipeline, driven by increasing
demand for personalisation and real-time delivery as retailers seek
to apply modern data science/AI-based techniques to power marketing
activities, the Board remains confident in delivering results for
FY24 in line with management expectations.
For further information, please contact:
Eagle Eye Solutions Group plc Tel: 0844 824 3686
Tim Mason, Chief Executive Officer
Lucy Sharman-Munday, Chief Financial
Officer
Investec (Nominated Advisor and Joint Tel: 020 7597 5970
Broker)
Corporate Finance: David Anderson / Nick
Prowting
Shore Capital (Joint Broker) Tel: 020 7408 4090
Corporate Finance: Daniel Bush / David
Coaten / Lucy Bowden
Corporate Broking: Henry Willcocks
Alma PR Tel: 020 3405 0205
Caroline Forde / Hannah Campbell / Kinvara
Verdon
About Eagle Eye
Eagle Eye is a leading SaaS technology company enabling retail,
travel and hospitality brands to earn the loyalty of their end
customers by powering their real-time, omnichannel and personalised
consumer marketing activities.
Eagle Eye AIR is a cloud-based platform, which provides the most
flexible and scalable loyalty and promotions capability in the
world. More than 750 million personalised offers are executed via
the platform every week, and it currently hosts over 100 million
individual loyalty members for businesses all over the world. We
are trusted to deliver a secure service at hundreds of thousands of
physical POS destinations worldwide, enabling the real-time
issuance and redemption of promotional coupons, loyalty offers,
gift cards, subscription benefits and more.
The Eagle Eye AIR platform is currently powering loyalty and
customer engagement solutions for enterprise businesses all over
the world, including Asda, Tesco, Morrisons, Waitrose and John
Lewis & Partners, JD Sports, Pret a Manger, Loblaws,
Southeastern Grocers, Giant Eagle and the Woolworths Group.
In January 2023, the Group acquired France-based Untie Nots, an
AI-powered personalised promotions business, adding Carrefour, E.
Leclerc, Auchan and other leading brands to its European customer
base.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMBABLTMTTBBMJ
(END) Dow Jones Newswires
November 16, 2023 02:00 ET (07:00 GMT)
Eagle Eye Solutions (LSE:EYE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Eagle Eye Solutions (LSE:EYE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024