Trading Update

 

TIDMATL 
 
RNS Number : 5044M 
Atlantic Global PLC 
30 January 2009 
 

 
 
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| Press Release                      |                    30 January 2008 | 
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Atlantic Global Plc 
 
 
('Atlantic Global' or 'the Company') 
Trading Update 
 
 
Atlantic Global Plc, the specialist provider of Project Portfolio Management 
("PPM") software applications, announces a trading update following its 31 
December 2008 financial year end. It is expected that the Company's preliminary 
results for the financial year ended 31 December 2008 will be announced on 24 
March 2009. 
Trading Results 
 
 
The Directors expect that turnover for 2008 will be approximately GBP2.2m (2007: 
GBP2.3m). 
 
 
It is expected that the profit before tax for the year will be not less than 
GBP400,000 (2007: profit GBP286,000). 
 
 
The Company has already secured approximately 60% of its budgeted 2009 support 
and maintenance revenues. As at the year end, the Company had on order over 30% 
of budgeted consultancy and development service revenues for 2009, which 
represents a strong order book going forward. 
 
 
Atlantic Global's net cash position as at 31 December 2008 amounted to GBP2.16m 
(2007: GBP1.55m). 
 
 
In the absence of unforseen circumstances, the Directors will be proposing a 
dividend of no less than 0.4p per share in respect of the financial year ended 
31 December 2008. 
 
 
 
 
- Ends - 
 
 
For further information please contact: 
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| Atlantic Global Plc                       |                            | 
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| Eugene Blaine, Managing Director          | Tel: [phone]  | 
| Rupert Hutton, Finance Director           |                            | 
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| [e-mail]         | www.atlantic-global.co.uk  | 
| [e-mail]         |                            | 
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| Daniel Stewart & Company plc              | Tel: [phone]  | 
| Lindsay Mair / Simon Starr                |                            | 
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Media enquiries: 
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| Abchurch                                  |                            | 
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| Sarah Hollins / Mark Dixon                | Tel: [phone]  | 
|                                           |                            | 
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| [e-mail]          | www.abchurch-group.com     | 
|                                           |                            | 
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Notes to editors 
 
 
Atlantic Global develops and implements business management solutions designed 
to manage businesses people, project and customer relationship management 
processes. The solution includes four intuitive, easy to use modules. Time & 
expense management, project management, project portfolio management and 
customer relationship management. A key aspect of the Atlantic Global Solution 
is cost control through better strategic planning, accurate cost capture and 
improved resource utilisation. 
 
 
Atlantic Global is widely recognised by software industry analysts as being in 
the top 25 vendors within the emerging Project Portfolio Management (PPM) 
market. More specifically, it is one of only two European organisations included 
in Gartner's 'Magic Quadrant' for PPM. 
 
 
Atlantic Global's software has been designed to be scalable to all organisations 
no matter what size or complexity. Our customer base ranges from SMEs to Global 
1,000 organisations and includes: Aircom International; Bank of Tokyo; 
GlaxoSmithKline; Norwich Union; Aviva; Provident Financial; Kingston 
Communications; The National Assembly of Wales; Tiscali, Capita National 
Strategies and Virgin Mobile. 
 
 
Atlantic Global successfully launched an OnDemand (Software As A Service) 
product in October 2008. The further development and sale of this product 
remains a key strategy for 2009 and beyond. 
 
 
Founded in 1993, Atlantic Global is headquartered in West Yorkshire, England. It 
listed on the Alternative Investment Market of The London Stock Exchange (AIM) 
in June 2001. 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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