Idox plc Celebrates Strong H1 2024 Financial Growth
Company Announcements

Idox plc Celebrates Strong H1 2024 Financial Growth

Idox plc (GB:IDOX) has released an update.

Idox plc has reported a robust first half of 2024, with a notable 21% increase in revenue to £43.1m, driven by the integration of Emapsite and growth in recurring revenues by 29%. Profitability has also seen an uptick with an 8% rise in adjusted EBITDA to £13.1m and a solid increase in statutory profit before tax by 12%. The company underscores a healthy order intake and a strong M&A pipeline, alongside a positive outlook for the remainder of the year with plans to pay a final dividend.

For further insights into GB:IDOX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskIdox plc Sees Increased Stake by Long Path Partners
TipRanks UK Auto-Generated NewsdeskIdox plc Strengthens Leadership with New Board Appointment
TipRanks UK Auto-Generated NewsdeskIdox plc Shareholding Shift by Octopus Investments
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App