EU Supply PLC Business Alert Sales & Contract wins (8811C)

TIDMEUSP

RNS Number : 8811C

EU Supply PLC

01 July 2016

1 July 2016

EU Supply plc

("EU Supply", the "Company" or the "Group")

Business Alert Sales & Contract wins

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that revenues from the Group's Business Alert services in the year to date now exceed the total reported in the year ended 31 December 2015.

In addition, EU Supply has been awarded contracts for integrations and enhancements of its CTM(TM) platform from existing customers in the Nordic region. The largest of these contracts is worth around GBP70k with most revenues expected to be recognised in this year.

The Company has also received an intention to award for a smaller contract by the Norwegian Directorate for Children, Youth and Family Affairs as well as a new smaller order in Denmark increasing the Company's foothold in Norway and Denmark respectively.

FURTHER ENQUIRIES

 
    EU Supply PLC                  Tel: [phone] 
     Thomas Beergrehn, CEO 
     Mattias Ström, CFO 
 
     Stockdale Securities           Tel: [phone] 
     Tom Griffiths, David Coaten 
 

A copy of this announcement is available at www.eu-supply.com.

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management(TM) ("CTM(TM)") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM(TM) platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM(TM) platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of GBP2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 01, 2016 02:00 ET (06:00 GMT)