EU Supply Wins New Contracts As Business Alert Service Revenue Rises

LONDON (Alliance News) - EU Supply PLC Friday said the revenue generated by the company's Business Alert service has managed to exceed the total revenue booked over the whole of 2015 and said it has won a string of new contracts.

The e-procurement software provider launched the Business Alert service last year and generated around GBP250,000 in revenue over the course of 2015.

EU Supply said it has also been awarded contracts for integrations and enhancements of its CTM platform from existing customers in the Nordic region, the largest of which is worth GBP70,000. Those proceeds from the contracts will be recognised in the current financial year.

"The company has also received an intention to award for a smaller contract by the Norwegian Directorate for Children, Youth and Family Affairs as well as a new smaller order in Denmark increasing the Company's foothold in Norway and Denmark respectively," said the company.

EU Supply shares were untraded on Friday, last trading at 5.85 pence per share.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

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