Last checked at 25 May 2010 11:00
25 May 2010
DILLISTONE GROUP PLC
("Dillistone" or the "Company")
AGM Statement
At the Annual General Meeting of Dillistone which is being held today at 11.00 a.m., Mike Love, Chairman of Dillistone, will make the following trading statement:
"The directors of Dillistone ("Directors" or "Board") are pleased to report that the Company has enjoyed an excellent start to the year, with incoming orders in the first four months being more than double the level achieved in the equivalent period of last year. While the market remains somewhat patchy, and prudently we should anticipate that some periods will be stronger than others, this positive start nevertheless gives the Board reason to believe that non-recurring revenues are likely to be higher in 2010 than in 2009. As stated in our 2009 results, recurring revenue was the highest it had ever been in 2009 and we currently expect 2010 to exceed this level.
"Dillistone remains debt free. Our ongoing investment in product development expenditure on FILEFINDER underlines Dillistone's commitment to maintaining a market leading position and makes the Board confident about the long term performance of the business. Given the Company's strong balance sheet, and subject to continued satisfactory trading, it is the Directors intention to maintain dividend payments in 2010 at 2009 levels."
Contacts:
Mike Love Dillistone Group Plc 0207 749 6100
Chairman
Jason Starr Dillistone Group Plc 0207 749 6100
Managing Director
Emily Staples (Nomad) Religare Capital Markets 0207 444 0800
Daniel Briggs (Broker) Religare Capital Markets 0207 444 0500