eg Solutions PLC Regulatory News (EGS)

eg solutions plc

Trading Update

Significant forward visibility

eg solutions plc (AIM: EGS), the back office optimisation software Company, is pleased to announce an update on trading for the six month period ended 31 July 2015.

The Board is pleased to report that the Company's first half performance continues to support market expectations for the full year to 31 January 2016. Forward visibility for the full year is at a stronger level than at the same time last year and, as at 31 July 2015, the Company's order book of multi-year contracts, to be recognised over the next 3-4 years, had also increased to £15.5m (2014: £13.0m).

Following the placing in January 2015, the Company has invested significantly in its operational sales and marketing as well as accelerating product development. As a result of this investment, two new products; eg forecastingTM and eg mobileTM, will be launched in London at The View from The Shard on 23 September 2015.

The Company expects to report revenues of approximately £3.6m for the six month period ended 31 July 2015, an increase on the £3.1m underlying revenues (excluding one-off deals) for the equivalent period in 2014, and a loss before tax of approximately £0.3m reflecting the investments undertaken since the placing. On 31 July 2015, the Company had a cash balance of £3.1m.

The Company will provide further details with its interim results for the six months ended 31 July 2015 on Wednesday 23 September 2015.

Elizabeth Gooch, Chief Executive Officer of eg solutions, said:

"We are pleased to be reporting continued growth in line with the plans we outlined to shareholders at the time of the placing.

"Our newly strengthened sales and marketing teams are performing well and we are confident that the Company is well placed to capitalise on the significant market opportunity available to it. The significant enhancements to our product suite will ensure that we remain at the forefront of the back office optimisation software market.

"With an increased order book, a strong pipeline and robust Board and management team, we look forward to the remainder of the year with confidence."

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About eg solutions plc

eg solutions is a back office workforce optimisation software Group. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

Our software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities.

Using our forecasting, scheduling, real-time work management and operational analytics capabilities, we deliver measureable improvements in service, quality, productivity and regulatory compliance. When supported by our implementation and training services we guarantee return on investment in short timescales.

Regardless of who is serving the customer - call centre, back offices, branches or the field - our solutions provide true insight into the full customer service process and promote world-class operational management capability.

The Group is listed on AIM, the London Stock Exchange's international market for smaller growing companies (EGS).