·
Despite challenging conditions resulting from the pandemic, revenue was stable at £17.4m (constant exchange rates ('CER') +1%):
o
Enterprise revenue increased by 6% (CER +7%) to £6.4 million (H1 FY 2020: £6.0 million)
o
Mobile revenue in line with prior period (CER +2%) at £5.8 million (H1 FY 2020: £5.8 million)
o
IT Asset Disposition ("ITAD") revenue decreased by 7% (CER -7%) to £5.2 million (H1 FY 2020: £5.6 million)
o
The second quarter of FY21 was Blancco's highest revenue generating quarter in its history
·
Net cash balance of £8.2m (31 December 2019: £5.4m)
·
Adjusted Operating Cash Flow at 102% (H1 FY 2020: 53%) of Adjusted EBITDA following strong cash generation in the period
·
Strong growth in APAC which appears to be further progressed in its COVID-19 pandemic recovery: