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1 Aug 2012 07:00
1 August 2012
Electronic Data Processing PLC (EDP)
Interim Management Statement
EDP, an IT solution provider to the UK wholesale distribution industry and a supplier of Sales Intelligence software more widely, today publishes an Interim Management Statement covering the period from 1 April 2012 to 31 July 2012.
Material Events and Transactions
There were no material events or transactions during the period under review.
Business Performance
Trading conditions remain broadly similar to those experienced in the first half of the financial year. Continued uncertainty in the UK economy means that businesses operating in the sectors we address remain cautious.
Financial Position
Our contracted recurring revenues, relating to contracted software licence fees and hosting charges, remain strong and currently represent 77% of turnover.
We continue to have a strong, debt-free balance sheet with cash balances of £4.7 million at 31 July 2012.
Outlook
We expect our customers to remain cautious whilst there is significant uncertainty in the UK economy. However, our business model remains strong and with our strong product offering we are well positioned for the future.
For further information please contact:
Julian Wassell Chief Executive 0114 2622010 | Toby Moore Citigate Dewe Rogerson 020 7638 9571
|
James Storey Finance Director 0114 2622011 |
www.edp.co.uk
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