Source - SMW
Business intelligence company Dods on Monday warned on profits as fourth quarter performance was weighed down by 'unprecedented' political uncertainty. 

Trading in October and November was broadly in line with expectations, but December closed 'significantly behind',  the company said. 

Dods said it expected lower-than-expected revenues in the fourth quarter against a backdrop of increased costs of delivery due to long lead time contracts, forcing the company to trim its full-year outlook.  

'The Board now expects significantly lower than forecasted adjusted EBITDA and a loss before tax (excluding non-cash impairments) for the year ending 31st March 2019.'

The company also blamed the dour outlook on lower than expected new product revenues and contribution from the 30% Associate investment it had made in the previous year. 

There could yet be a further hit to financial performance as the company said it was undertaking a review of the software, infrastructure, product offering, investments and intangibles to assess any further impairment impact for the year.   'The Board is cognisant that the current hiatus in political decision making could continue to adversely affect our business beyond the current financial year end,' the company said.

At 9:01am: (LON:DODS) Dods Group PLC share price was -3.15p at 6.13p

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.