Made Tech FY 2022 Revenue Rose on Robust Pipeline, Record Sales Bookings

By Michael Susin

Made Tech Group PLC said Friday that revenue for fiscal 2022 more than doubled as the group benefited from a robust pipeline and record sales bookings.
The digital, data and technology-services provider said revenue for the year ended May 31 came in at 29.3 million pounds ($35 million) from GBP13.3 million in fiscal 2021.

The company said its gross profit margin was flat at 38%.
Adjusted earnings before interest, taxes, depreciation and amortization–which strips out exceptional and other one-off items–swung to GBP2.6 million from a loss of GBP500,000 a year earlier.
Fiscal 2023 has started strongly, it said.
“Our robust pipeline and record sales bookings underpin the board’s confidence in the prospects for the business for the current financial year and beyond,” Made Tech said.
Write to Michael Susin at michael.susin@wsj.com