Access Intelligence PLC Trading Update (1726P)

TIDMACC

RNS Number : 1726P

Access Intelligence PLC

30 September 2013

FOR RELEASE

7.00AM

30 SEPTEMBER 2013

ACCESS INTELLIGENCE PLC

("Access Intelligence" or "the Group")

TRADING STATEMENT

Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for the full life cycle management of a company's governance, risk and compliance, is today providing the following update on its current trading and anticipated results for the year ending 30 November 2013.

The Group is expected to report revenue of approximately GBP8.4m for the current financial year which represents revenue growth of 5% compared to the prior year but which is lower than current market expectations. The lower revenue, principally the result of weaker trading in one of the Group's divisions, is expected to result in the EBITDA for the year being lower than market expectations but ahead of the previous year.

Despite the significant investment in the York Development Centre on product innovation that is expected to drive growth for 2014 and beyond, cash flows remain robust with the year-end cash expected to be approximately GBP1.2m.

We expect to release the final results for the year ended 30 November 2013 in March 2014.

For further information:

 
 Access Intelligence plc 
  Michael Jackson (Executive Chairman) 
  Joanna Arnold (COO) 
  Kole Dhoot (CFO)                          0843 659 2940 
 Sanlam Securities 
  Simon Clements / Katie Shelton            020 7628 2200 
 Newgate Threadneedle 
  Josh Royston/ Heather Armstrong           020 7653 9850 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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