LoopUp Group PLC – LOOP – Trading update

LoopUp Group PLC – LOOP – Trading update

LoopUp Group plc (AIM: LOOP), the cloud platform for premium external communications, is pleased to provide the following trading update.

In line with the trading statement of 27 November 2020, the Group can now confirm that it expects revenue for year ended 31 December 2020 to be approximately £50.2 million (FY2019: £42.5 million) and EBITDA to be approximately £15.3 million (FY2019: £6.4 million).

The Group ended the year with gross cash of £12.1 million (FY2019: £3.0 million) and net debt of £0.7 million (FY2019: £11.5 million).

More detail will be provided when the Group announces its preliminary FY2020 results on 23 March 2021.

Market abuse regulation:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

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