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RNS Number : 2820X

Blur Group PLC

23 November 2017

blur Group plc

("blur", the "Group" or the "Company")

Trading update

Following the recent placings and board changes in the summer blur is pleased to announce that the company is making steady progress.

   --      Gross profit and revenue in Q3 2017 are ahead of H1 2017 
   --      Q4 2017 revenue and gross profit are expected to be ahead of Q3 2017 
   --      New customer wins are encouraging 
   --      Cash balance as at 22 November 2017 was GBP2.71m 

Laurence Cook, CEO, commented:

"I have been encouraged by the increasing rate of repeat business we are getting from existing customers and the addition of significant new customers. Although there is usually a lead time between the signing of a new customer and subsequently the building of momentum on the platform, the current trend is promising. It is reassuring that we now have sufficient resources to develop the business further over the next few years."

For further information, please contact:

 
 blur Group plc            investors@blurgroup.com 
----------------------    ------------------------ 
 Richard Croft                       Tel: + 44 (0) 
                                      20 7693 9544 
----------------------    ------------------------ 
 
 N+1 Singer (Nominated 
  Adviser & Broker) 
----------------------    ------------------------ 
 Shaun Dobson                         Tel: +44 (0) 
                                      20 7496 3000 
----------------------    ------------------------ 
 James White 
---------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 23, 2017 02:00 ET (07:00 GMT)