K3 Business Technology Group Regulatory News (KBT)

21 Jul 2005 07:01

K3 Business Technology Group PLC21 July 2005 K3 BUSINESS TECHOLOGY GROUP PLC ("K3" or the "Company") TRADING UPDATE K3, the IT solutions provider to the supply chain sector, today comments ontrading for the six months ended 30 June 2005, ahead of the Company's interimresults which will be announced mid September. The Company is pleased to confirm that its half year results are expected to bematerially in excess of market expectations. The board of directors furtherbelieves that the Company's adjusted operating profit will be materially inexcess of that which it reported for the full year ended 31 December 2004. The Company's strong performance has been helped by six major new orders securedthis year worth £8.7 million in total, (more than the Company's turnover in2004). The contracts include a £4.5 million order signed with Carpetright plc inMay and a £2.0 million contract which the Company's newly acquired subsidiary,Information Engineering Group Limited, signed with Doncaster Group Limited inJune. The full benefit of these new orders will be felt over the second half ofthis financial year and beyond. Andy Makeham, CEO, of K3 commented: "K3 has been fundamentally transformed over the last 15 months or so. Keyacquisitions have changed K3's profile and the Company is now tightly focused onproviding Microsoft-based business solutions to three sectors: retail,distribution and manufacturing. With our strong portfolio of products, we have every expectation that we cancontinue to make rapid progress in developing our business." Enquiries:K3 Business Technology Group T: 01282 864111 Andy Makeham, Chief ExecutiveDavid Bolton, Finance Director Biddicks T: 020 7448 1000Katie Tzouliadis This information is provided by RNS The company news service from the London Stock Exchange