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essensys – trading update, is it really “good progress against its strategic growth plan”?

By Steve Moore | Wednesday 24 August 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “a leading global software and technology provider delivering digitally enabled buildings, spaces and services for landlords and flex workspace operators”, essensys (ESYS) states that it “is pleased to announce a pre-close trading update for the financial year ended 31 July 2022” and “revenue and adjusted EBITDA in FY22 are expected to be in line with consensus market expectations… we remain confident in the market and opportunity for the group in FY23 and beyond”. So what of a share price response currently up just over 4% to 63p?

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