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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
IN Cup | LSE:ICU | London | Ordinary Share | GB00B06C2Z82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4115Q In Cup Plus PLC 31 January 2007 In Cup Plus Plc ("In Cup Plus" or the "Company) Trading Update Highlights * 100 Xen-550 machines invoiced during the year ended 31 December 2006 (2005:41 machines) * Two major contracts signed -16 machines were installed in November 2006 under a contract with a leading global pharmaceutical company -a contract for 66 machines has been signed with a "Big 4" global professional services company, all of which are expected to be installed by Q1 2007 * Forecast machine installations for 2007 of 200 machines (+100% on 2006) Trading Update The directors believe that 2006 has been a landmark year for In Cup Plus and its trading subsidiary E Break Limited. The directors believe that the sales and marketing strategy is working and is creating a sustainable platform for future growth and is pleased that the level of interest in the Company's products remains strong. Sales of the Company's core machine, the In Cup Plus Xen-550, for the 12 months to 31 December 2006 totalled 100 machines (2005: 41 machines), slightly lower than the 107 machines previously forecast. The loss for the year is expected to be in the region of #965,000 (2005: loss of #1,003,000). The directors are delighted with two major contract wins for the In Cup Plus beverage system. The first, with a leading global pharmaceutical company involved the installation of 16 machines in November 2006. There is the potential for further installations at the same location. The second, with a city of London based "Big 4" global professional services company was won through an extensive trial process followed by a competitive tender. The contract is for a total of 66 machines throughout the company's London HQ complex, 4 of which were installed in December 2006 with the remainder expected to be installed by the end of Q1 2007, with the further potential of additional orders to their regional offices throughout the UK. Based on current ingredient usage patterns it is estimated that the ingredient revenue generated from these contracts together with the current total installed machine base will be in the order of #1,500,000 over the next three years. The directors believe that the Company's potential is beginning to be demonstrated by the growing monthly revenues from ingredient sales and that 2007 will be an exciting year of growth and development. These two recent contract wins are both with major global companies and the Board believes are a recognition of the potential of the Xen-550 machine. The Company is forecasting 200 machine installations for the 2007 year as a whole, a substantial increase on that achieved in 2006. With orders of 65 machines in January the directors are confident of meeting its forecast for 2007. Martin Colenutt, Chairman of In Cup Plus PLC comments: "It is acknowledged that the group sales have initially been slower than originally anticipated. However, the recent high profile multiple orders are endorsing the unique benefits of the In Cup Plus beverage system and we expect to be able to capitalise on these achievements. The 2007 confirmed order book is strong and we are looking forward to a good year. As machine numbers in the marketplace grow, the regular ingredients income is becoming a strong core revenue line." Enquiries: In Cup Plus Martin Colenutt 0870 7461 8888 Deloitte Corporate Finance Jonathan Hinton 020 7936 3000 James Lewis The directors of In Cup Plus accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of In Cup Plus (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange END TSTOKKKQOBKDPDN
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