Last checked at 21 May 2008 07:00
Dillistone Group Plc
Trading Statement
Dillistone, the AIM listed supplier of software to the Recruitment Market, releases the following statement which its Chairman, Jim McLaughlin, will make at today's Annual General Meeting:
"I said in the annual report that we had had a very good start to the year to March 2008, and I am pleased to be able to confirm that this performance has continued into April. Turnover and margins show significant improvement over the levels achieved in the same period in 2007, largely due to a high level of confirmed orders at the year end, which have now been fully implemented.
The effect of the global economic turbulence has been to make the outlook less visible. However, we are confident that our continuing success in penetrating emerging markets should mitigate the impact of any slow down in the US or UK.
Since the year end, the Group has continued to be heavily cash generative, and our strong balance sheet and substantial cash reserves, together with the increasing value of recurring revenue contracts, means that the Group is relatively well protected against any short term slowdown in economic activity. The excellent start we have enjoyed in the first 4 months of 2008 also assists in this regard, and the Board is very confident that the Group will record another successful year."
For further enquiries:
| Jason Starr, Managing Director, Dillistone Group Plc | 020 7749 6100 |
| John Wakefield, Blue Oar Securities Plc | 0117 933 0020 |
| Tom Cooper, Winningtons Financial PR | 0797 122 1972 |