Enhanced Investments - Financial Portal

AGM Statement

Published: 2023-07-12 09:00:29 ET

Bytes Technology Group plc
(Incorporated in England and Wales)
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19
(‘BTG’, ‘the Company’)

12 July 2023

                                            AGM Statement

Bytes Technology Group, one of the UK's leading software, security and cloud services specialists, is
holding its Annual General Meeting at 14:00 (BST) today. Ahead of the meeting, the Board issues the
following brief update on trading.

Since the release of the Group’s full-year results on 23 May 2023, the business has continued to trade
strongly, and we are seeing resilient demand and pleasing win-rates across both the corporate and
public sectors. The Company has performed well across its key financial performance metrics, with
percentage growth in Gross Profit and Adjusted Operating Profit comfortably in double digits for the first
four months of the financial year. Percentage growth in Gross Invoiced Income significantly exceeded
the increase in Gross Profit as a result of a number of high volume, lower gross margin software wins
in the period.

Neil Murphy, Chief Executive Officer, said:

"We’re pleased with the progress we have made so far this year in executing against our strategy and
continuing to expand our market share. Whilst we remain mindful of macroeconomic headwinds, these
have not had a noticeable impact on our trading performance to date, and we are confident that our
leading vendor partnerships and first-rate client service leave us well positioned to make further
progress this year.”

                                                 -Ends-

Enquiries:

Bytes Technology Group plc
Neil Murphy, Chief Executive Officer
Andrew Holden, Chief Financial Officer

Tel: +44 (0)1372 418 500

Headland Consultancy
Stephen Malthouse
Henry Wallers
Jack Gault

Tel: +44 (0) 20 3805 4822
Email: bytes@headlandconsultancy.com

About Bytes Technology Group plc:
BTG is one of the UK's leading providers of IT software offerings and solutions, with a focus on cloud
and security products. The Company enables effective and cost-efficient technology sourcing, adoption
and management across software services, including in the areas of security and cloud. It aims to
deliver the latest technology to a diverse and embedded non-consumer customer base and has a long
track record of delivering strong financial performance.

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange.
Sponsor
Investec Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.