27 May 2017

Datalex : 2017 Trading Update

Datalex plc, a market leader in digital commerce driving revenue and loyalty for global travel retailers, will hold its AGM today at 12 noon in its offices at EastPoint, Dublin 3, Ireland. At the AGM, Paschal Taggart, Chairman of Datalex, will make the following comments:

"Building on our success in 2016, trading performance in the first four months of 2017 has been in line with expectations, and we are confident that we will deliver Adjusted EBITDA growth of 15 - 20% for FY2017.

We are continuing our services engagement to deploy our platform at the Lufthansa Group, which will go live and begin generating platform revenue in 2018.

In March we announced a partnership with JetBlue Technology Ventures, the wholly-owned venture capital subsidiary of JetBlue Airways. The goal of this partnership is to assist in the incubation of early stage start-ups, that could ultimately be integrated into the Datalex Digital Commerce Platform, for use by all of our customers. We also continue to invest in scaling the organisation to meet the growing demand for our platform. In April, we opened our new Centre of Excellence in Manchester, where we expect to double our current workforce of 30 over the next 18 months.

Our new business pipeline is strong and growing. We are pursuing a number of new opportunities and expect to announce further signings during 2017."



Full Article: © Datalex

Source : © Datalex

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