Dillistone ends year in line with market expectations

Recruitment software supplier Dillistone updated the market on its trading for 2021 on Thursday, reporting further improvements in the fourth quarter, with incoming orders at levels “not seen for a number of years”.

The AIM-traded firm said in its interim results in September that the impact of Covid-19 was expected to unwind through the rest of 2021, and that it was seeing improved new business sales, improved orders from existing clients, and better operating cash flow.

Dillistone said it expected to release final results for the year ended 31 December in line with market expectations, before acquisition-related items and other one-off adjustments.

“The strong end to 2021 has been followed by encouraging signs in the first weeks of the new year across a number of group products, including both our established and next generation applications,” the board said in its statement.

“As at 31 January, the group had £1.0m in cash.”

Dillistone said it would announce results for the 12 months ended 31 December in the week of 25 April.

At 1248 GMT, shares in Dillistone Group were up 4.76% at 22p.