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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Escher Grp | LSE:ESCH | London | Ordinary Share | IE00B6SKRB38 | ORD EUR0.005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 189.50 | 177.00 | 202.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMESCH
RNS Number : 6748B
Escher Group Holdings PLC
12 January 2018
12 January 2018
Escher Group Holdings plc
Year-end trading update
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software for use in the postal, retail and financial industries, publishes a trading update for the year to 31 December 2017.
Group revenue is expected to be marginally ahead of the figure published in the Trading Update on 14 November 2017 and adjusted EBITDA* is expected to be in the order of $2.8m.
As previously indicated, the Group will have exceptional costs in the order of $300,000, incurred to complete the restructuring commenced in 2016.
The Group finished the year in a net positive cash position, despite the absence of any major one-off licence sales in 2017 and the costs incurred from the exploration of routes to market for the Group's Licensing and Permitting technologies.
Escher expects to publish its full year results in the week commencing 6 March 2018.
Liam Church, Escher Chief Executive said:
"We have now structured the business to produce solid EBITDA returns and to generate cash, even in the absence of a major, one-off licence sale."
*Operating profit before, depreciation, amortisation, share-based payments and exceptional items.
Enquiries:
Escher www.eschergroupholdings.com +353 (0)1 254 5400 Liam Church, Chief Executive Officer Clem Garvey, Chief Financial Officer Fionnuala Higgins, Chief Commercial Officer +44 (0)20 7886 Panmure Gordon 2500 Andrew Godber / Alina Vaskina, Corporate Finance Erik Anderson, Corporate Broking +44 (0)20 7457 Instinctif Partners 2077 Adrian Duffield / Chris Birt
Market abuse regulation
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 12, 2018 02:00 ET (07:00 GMT)
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