EG Solutions plc Pre-close Trading statement (5686L)
July 20 2017 - 2:00AM
UK Regulatory
TIDMEGS
RNS Number : 5686L
EG Solutions plc
20 July 2017
20 July 2017
eg solutions plc ("eg" or the "Company")
Pre-close Trading statement
eg solutions plc (AIM: EGS), the back-office workforce
optimisation company, provides the following trading update ahead
of its interim results for the six months ended 31 July 2017.
The Group is pleased to report that trading in the first half of
the financial year has been strong. The Board now expects results
to be ahead of market expectations with Revenue for the full year
ended 31 January 2018 to be not less than GBP10.5m (2017: GBP8.2m)
and Adjusted EBITDA to be not less than GBP1.9m (2017: GBP1.2m).
Contracted orders of revenues to be recognised beyond the current
financial year end have also increased by a further 14% to not less
than GBP21.1m (31 January 2017: GBP18.5m) due to the increase in
sales of the Group's Managed Cloud Services, contracts for which
are longer term in nature.
ENDS
CONTACTS
+44 (0) 1785
eg Solutions plc 715772
Elizabeth Gooch
Michael Woolley
+44 (0)20
N+1 Singer 7496 3000
Shaun Dobson
Gillian Martin
Yellow Jersey PR Limited
+44 (0) 7748
843871
Felicity Winkles +44 (0) 7769
Joe Burgess 325254
About eg solutions plc
eg solutions is a back office workforce optimisation software
Group. eg pioneered this new market space and developed the most
complete, purpose built workforce optimisation software for back
offices - the only solution that manages work, people and
end-to-end processes wherever they are undertaken, anywhere in the
world.
eg solutions' software is now used by leading UK, international
and global companies in multiple industry sectors including
financial services, healthcare and utilities. Using its
forecasting, scheduling, real-time work management and operational
analytics capabilities, eg delivers measureable improvements in
service, quality, productivity and regulatory compliance. When
supported by eg's implementation and training services eg guarantee
a return on investment in short timescales.
The Group is listed on AIM, the London Stock Exchange's
international market for smaller growing companies (EGS).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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