EG Solutions plc Pre-close Trading statement (5686L)

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RNS Number : 5686L

EG Solutions plc

20 July 2017

20 July 2017

eg solutions plc ("eg" or the "Company")

Pre-close Trading statement

eg solutions plc (AIM: EGS), the back-office workforce optimisation company, provides the following trading update ahead of its interim results for the six months ended 31 July 2017.

The Group is pleased to report that trading in the first half of the financial year has been strong. The Board now expects results to be ahead of market expectations with Revenue for the full year ended 31 January 2018 to be not less than GBP10.5m (2017: GBP8.2m) and Adjusted EBITDA to be not less than GBP1.9m (2017: GBP1.2m). Contracted orders of revenues to be recognised beyond the current financial year end have also increased by a further 14% to not less than GBP21.1m (31 January 2017: GBP18.5m) due to the increase in sales of the Group's Managed Cloud Services, contracts for which are longer term in nature.

ENDS

CONTACTS

 
                            +44 (0) 1785 
eg Solutions plc             715772 
Elizabeth Gooch 
 Michael Woolley 
 
                            +44 (0)20 
N+1 Singer                   7496 3000 
Shaun Dobson 
 Gillian Martin 
 
 Yellow Jersey PR Limited 
                            +44 (0) 7748 
                             843871 
Felicity Winkles             +44 (0) 7769 
 Joe Burgess                 325254 
 

About eg solutions plc

eg solutions is a back office workforce optimisation software Group. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

eg solutions' software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities. Using its forecasting, scheduling, real-time work management and operational analytics capabilities, eg delivers measureable improvements in service, quality, productivity and regulatory compliance. When supported by eg's implementation and training services eg guarantee a return on investment in short timescales.

The Group is listed on AIM, the London Stock Exchange's international market for smaller growing companies (EGS).

This information is provided by RNS

The company news service from the London Stock Exchange

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July 20, 2017 02:00 ET (06:00 GMT)