Stat Pro Group (SOG) announced its unaudited FY18 results today. For the year ended 31 December 2018, SOG reported an 11% year-on-year increase in revenue (13% in constant currency terms). StatPro Revolution, SOG’s flagship service, reported a 17% year-on-year increase in its organic annualised recurring revenue (ARR). The company’s adjusted EBITDA margins increased to 16.4% (vs. 2017: 13.9%).
The company expects better margins this year and continues to trade in line with expectations.
Justin Wheatley, SOG’s Chief Executive, commented: “Strong organic growth of 17% in ARR for our flagship service – StatPro Revolution – has underpinned a solid year. Our adjusted EBITDA grew strongly as we continue to improve our underlying margins.”