Foresight Group Holdings Regulatory News (FSG)

13 Mar 2007 07:01

Focus Solutions Group PLC13 March 2007 Embargoed until 0700 13 March 2007 Focus Solutions Group plc ('Focus' or 'the Group') Trading update Focus Solutions Group plc (AIM: FSG), a leading supplier of adaptive softwaresolutions to the financial services industry, today issues a trading updateahead of its financial year ending 31 March 2007. Operating profit is expected to be significantly ahead of expectations, andrevenues will be in line. The step change in profitability has been achievedthrough the introduction of a much more efficient solutions delivery model. Cashbalances are also expected to be significantly ahead of expectations. Focus has exhibited continued strong growth over the year, with long-termcontracts with HSBC, St James's Place, Irish Life, BT and Lincoln FinancialGroup secured. Focus' solutions have consistently produced proven returns oninvestment for clients which in turn has resulted in further contract extensionsand upgrades from established customers. This success underpins the Group'sstrategy of securing its recurring revenue base thereby increasing thevisibility of its earnings. Focus intends to announce its preliminary results for the year ending 31 March2007 in June 2007. Richard Stevenson, CEO of Focus commented: "We are pleased with the excellent progress made during the year ending March2007 and look forward to the future with confidence as we continue to build uponthe recent contract momentum." Enquiries: Focus Solutions Group 01926 468 300Richard Stevenson, CEO / Martin Clements CFO Seymour Pierce 020 7107 8000Mark Percy / Jeremy Porter Smithfield 020 7360 4900Reg Hoare / Tania Wild Notes to editors:Focus is an established supplier of easily configured & re-usable componentbased software & business services, which enable faster, more effective & costefficient processing of complex customer transactions.Focus has helped some of the world's leading public & private sectororganisations to successfully automate their most demanding customer processes.For further information on Focus, please visit www.focus-solutions.co.uk This information is provided by RNS The company news service from the London Stock Exchange