dotdigital puts GDPR fears behind it with a terrific update
Shares in dotdigital Group, owner of the dotmailer email marketing platform, have struggled over the past few months over fears surrounding the potential impact to its business of GDPR. The latest update, which we comment on here, has certainly silenced the doubters…
dotdigital Group (AIM:DOTD) The trading update covering the year ending 30 June 2018 confirmed that revenues grew 35% to £43.1m with operating profit, adjusted for acquisition costs and share-based payments, expected to be in line with market expectations – expectations are for earnings per share of 3.0p. The Group ended the year with net cash of £15.1m and this was after shelling out £11.5m for the acquisition of Comapi; net cash at the interim stage was £10.5m. Our main gripe with this delightful little business is that it’s hard for the layman to understand exactly what it does. This is…