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7 Aug 2014 07:00
7 August 2014
Electronic Data Processing PLC (EDP)
Interim Management Statement
EDP, an IT solution provider to the UK wholesale distribution industry and a supplier of CRM and business intelligence software more widely, today publishes an Interim Management Statement covering the period from 1 April 2014 to 6 August 2014.
Material Events and Transactions
On 1 August 2014 the Company paid a special interim dividend of 3p per share returning £378,000 to shareholders. There were no other material events or transactions during the period.
Business Performance
When we released our interim results for the 6 months to 31 March 2014, we reported that sales in April and May had returned to more normal levels after delays to a number of discrete customer orders during the last two months of the first half. This has continued and our revenues during the period under review are consistent with those experienced in the second half of the previous financial year.
Financial Position
Contracted recurring revenues, which relate principally to on-going software licence fees and hosting charges, remain strong and represent 83% of turnover year to date.
We have a strong, debt-free balance sheet with cash balances of £4.54 million at 6 August 2014 after paying the special interim dividend.
For further information please contact:
Julian Wassell | Toby Mountford |
Chief Executive | Citigate Dewe Rogerson |
0114 2622010 | 020 7638 9571 |
| 07710 356611 |
James Storey |
|
Finance Director |
|
0114 2622010 |
|
www.edp.co.uk
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