Micro Focus International plc Trading Update (1808Z)
May 16 2019 - 2:00AM
UK Regulatory
TIDMMCRO
RNS Number : 1808Z
Micro Focus International plc
16 May 2019
16 May 2019
Micro Focus International plc
Trading Update
The Board of Micro Focus International plc ("Micro Focus" or
"the Group", LSE: MCRO.L, NYSE: MFGP), the international software
product group, today issues a brief trading update for the six
months ended 30 April 2019.
Trading Update
Micro Focus expects to report interim results that are in line,
on a constant currency basis, with management guidance given at the
time of the preliminary results announced on 14 February 2019.
The collection of aged trade receivables has continued in line
with management expectations.
Since 30 April 2019, we have effected a Return of Value of $1.8
billion utilising the proceeds of the SUSE Business disposal, which
completed on 15 March 2019. The Group continues to target a
mid-term net debt to Adjusted EBITDA ratio of 2.7 times.
Management continues to guide to a constant currency revenue
range in respect of its continuing operations, for the full year to
31 October 2019, of minus 4% to minus 6%, compared to the 12 months
ended 31 October 2018. Company-compiled consensus for the full year
is available on the company website at
https://investors.microfocus.com/investors-media/analyst-consensus/
Preliminary Results date
Micro Focus will issue its interim results for the six months
ended 30 April 2019 on Tuesday 9 July 2019.
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Kevin Loosemore, Executive Chairman
Stephen Murdoch, CEO
Brian McArthur-Muscroft, CFO
Tim Brill, IR Director
Powerscourt Tel: +44 (0)20 7250 1446
Elly Williamson
Celine MacDougall
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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