1Spatial - AGM statement suggests momentum continues

FY21 results in April indicated a return to organic growth in H2 and positive trading in the current financial year (FY22). 1Spatial’s AGM statement highlights that orders for new sales are up year-on-year so far and refers to a ‘strong and growing pipeline in all regions’, suggesting momentum was sustained in May and most of June. As management is expecting growth and our forecasts include a rise in sales in FY22, we make no changes at this point. However, we continue to see scope for an increase in forecasts if momentum continues.