Our clear strategy and track record of delivery has given us the foundation for strong financial performance
Marking Civica’s 20th year of growth, 2021 saw us drive notable operational and financial performance and establish new benchmarks for the business. In the year to 30th September 2021 we grew our Group EBITDA by 18.7% to £110.5 million (2020: £93.1 million), our first year over the £100 million threshold. From compound annual revenue growth of 11% and EBITDA growth of 15% across the five years 2016-2021, this year’s performance has put us in a strong position to drive further forward, generating value for all our stakeholders. This is focused on increased adoption of our software and growing our addressable market within our key vertical sectors.
Financial Review
| £ millions | Year Ended 30 Sep 21 |
Year Ended 30 Sep 20 |
Year Ended 30 Sep 19 |
| Total Revenue | 458.9 | 424.9 | 425.6 |
| Cost of sales | (80.2) | (78.5) | (80.5) |
| Gross Profit | 378.7 | 346.4 | 345.1 |
| Administrative expenses | (268.2) | (253.3) | (256.0) |
| EBITDA | 110.5 | 93.1 | 89.1 |
| Operating cash flow | 120.2 | 87.8 | 77.9 |
| Employees | 5,733 | 4,815 | 4,776 |
Consolidated financial statements for the Group are available at Companies House.