We now hold no interest in the share capital of the business. We sold our Mexican subsidiary and agreed a distribution model for that region.We reorganised and refocussed the sales and operations teams to concentrate on four key customer categories, comprising IT Asset Disposition (ITAD), Mobile Processors, Mobile Retail, and Enterprise Data Centres.No dividend has been declared for the period (H1 2017: 0.70 pence per share).Net debt at period end of £3.4 million (30 June 2017: £1.7 million net cash), due to payments related to the restructuring of the group's management team and payments in relation to prior period M&A activity.

Continuing basic loss per share was 1.76 pence (H1 2017 restated: 4.77 pence) Continuing adjusted earnings per share (as defined in the glossary) of 0.72 pence (H1 2017 restated: 2.75 pence).Adjusted Operating Cash Flow (as defined in the glossary) was £0.9 million (H1 2017: £0.8 million) with a strong cash conversion of 110% (H1 2017 restated: 34%) signalling a return to healthy cash generation from the Group's core operations.Group Operating Loss from our continuing operations of £1.1 million (H1 2017 restated: loss of £1.5 million) was less than the prior year principally due to a credit from the Group's share-based payment accounting without which the loss would have been £1.6 million (H1 2017 restated: loss of £0.5 million before a share-based payment charge of £1.0 million). Group Adjusted Operating Profit (as defined in the glossary) of £0.8 million (H1 2017 restated: £2.5 million) reflected increased operating expenditure in the period from the annualisation of significant investment in personnel during FY17.On a constant currency basis (as defined in the glossary), revenue was £12.8 million, in line with the prior year. Revenue from our continuing operations of £12.6 million (H1 2017 restated: £12.8 million).('Blancco', the 'Company' or the 'Group')īlancco Technology Group plc, the leading global provider of secure data erasure solutions and mobile device diagnostics, is pleased to announce its half yearly results for the six months to 31 December 2017.

Blancco drive eraser review