GATELEY (HOLDINGS) PLC

Earnings Release • Jun 2, 2023

National Storage Mechanism | Additional information

RNS Number : 4066B

Gateley (Holdings) PLC

02 June 2023

2 June 2023

GATELEY (HOLDINGS) PLC

("Gateley" or the "Group")

FY23 Trading Update

Growth in-line with market expectations

Gateley (AIM: GTLY), the legal and professional services group, is pleased to announce a trading update for the year ended 30 April 2023 ("FY23"), ahead of the publication of its audited results in late July 2023.

The board is pleased with the Group's performance for FY23, a year of further revenue growth demonstrating the resilience of the Group's diversified business model. Revenue for FY23 is expected to be not less than £161m, a c.17% increase on the prior year (FY22: £137.2m) with underlying adjusted profit before tax expected to be in line with market expectations. The Group had net cash (pre IFRS 16 liabilities) of £4.3m at the period end.

Rod Waldie, Chief Executive Officer of Gateley, said:

"I am pleased with the performance of the Group, in what has been a challenging year politically and economically. I would like to thank our ever-expanding client base for their trust and support and our people who continue to work tirelessly to constantly deliver for our clients.

"Whilst the macro challenges facing the economy remain, we look forward to continuing to grow and diversify the business further, both organically and via acquisition. We remain committed to our purpose of delivering results that delight our clients, inspire our people and support our communities, and deliver strong returns for all of our stakeholders."

Enquiries:

Gateley (Holdings) Plc
Neil Smith, Chief Financial Officer	Tel: +44 (0) 121 234 0196
Nick Smith, Acquisitions Director and Head of Investor Relations	Tel: +44 (0) 20 7653 1665
Cara Zachariou, Head of Corporate Communications	Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946
Liberum - Nominated Adviser and Broker Richard Lindley/Ben Cryer/Cara Murphy	Tel: +44 (0) 20 3100 2000
Belvedere Communications Limited - Financial PR
Cat Valentine	Mob: +44 (0) 7715 769 078
Keeley Clarke	Mob: +44 (0) 7967 816 525
Llew Angus	Mob: +44 (0) 7407 023 147
	gateleypr@belvederepr.com

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