ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KBT K3 Business Technology Group Plc

108.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
K3 Business Technology Group Plc LSE:KBT London Ordinary Share GB00B00P6061 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 108.00 106.00 110.00 108.00 108.00 108.00 2,000 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fabricated Rubber Pds, Nec 47.48M -3.98M -0.0902 -11.97 47.62M

K3 Business Technology Group PLC Trading Update (6019K)

17/12/2018 7:00am

UK Regulatory


K3 Business Technology (LSE:KBT)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more K3 Business Technology Charts.

TIDMKBT

RNS Number : 6019K

K3 Business Technology Group PLC

17 December 2018

AIM: KBT

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Group" or "the Company")

Trading Update

K3, which provides mission--critical business software, cloud solutions and managed services to the retail, manufacturing and distribution sectors, is pleased to provide an update on trading for the financial year to 30 November 2018.

The benefits of the changes made to reposition the Group for a return to profitable growth continue to flow through. Trading in the second half of the financial year has been encouraging and the Board expects to report full year results that are slightly ahead of market expectations. This includes a reduction in the Group's net debt position at the year end to approximately GBP0.7m (30 November 2017: net debt of GBP4.3m). This improvement reflects the reduced cost base and better working capital management.

K3 is focused on increasing sales of its own IP, and new business wins for K3 fashion (formerly "ax l is fashion") continue to be at encouraging levels. These included major agreements with Oberalp Group, the European sports clothing and equipment manufacturer and retailer, and Columbia Sportswear, the US-based manufacturer and distributor of outdoor apparel and products.

We are excited about the future for K3 Imagine, the class-leading cloud native product that offers customers a scalable platform and easy-to-integrate point solutions. K3 Imagine is a cornerstone in K3's strategic transition to an IP-led organisation and has continued to gain traction, with several projects now underway both with existing and new customers.

The Board continues to view prospects for progress positively and will provide a further update on trading with final results, which are expected to be issued in mid-March 2019

Enquiries:

 
 K3 Business Technology   Adalsteinn Valdimarsson     T: 020 3178 6378 
  Group plc                (CEO)                       (today) 
 www.k3btg.com            Robert Price (CFO)          Thereafter: 0161 
                                                       876 4498 
 finnCap Limited          Julian Blunt / James        T: 020 7220 0500 
                           Thompson 
 (Nominated Adviser and   Camille Gochez (Corporate 
  Broker)                  broking) 
 
 KTZ Communications       Katie Tzouliadis /          T: 020 3178 6378 
                           Emma Pearson / Dan 
                           Mahoney 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTLLFIRFFLRLIT

(END) Dow Jones Newswires

December 17, 2018 02:00 ET (07:00 GMT)

1 Year K3 Business Technology Chart

1 Year K3 Business Technology Chart

1 Month K3 Business Technology Chart

1 Month K3 Business Technology Chart

Your Recent History

Delayed Upgrade Clock