Less Ads, More Data, More Tools Register for FREE

Pin to quick picksK3 Business Technology Group Regulatory News (KBT)

Share Price Information for K3 Business Technology Group (KBT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 95.50
Bid: 94.00
Ask: 97.00
Change: 0.00 (0.00%)
Spread: 3.00 (3.191%)
Open: 95.50
High: 95.50
Low: 95.50
Prev. Close: 95.50
KBT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

1 Jul 2009 07:00

RNS Number : 8383U
K3 Business Technology Group PLC
01 July 2009
 



KBT

July 2009

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or the "Group")

TRADING UPDATE

K3, the IT solutions provider for retailers and manufacturers, announces the following trading update prior to entering its close period.

In more challenging economic environment, the Directors are pleased to report that, during the six months to 30 June 2009, the Group has performed broadly in line with expectations. While services revenues in the first quarter were lower than anticipated, reflecting the later closure of new orders in 2008, services income returned to satisfactory levels in the second quarter. The Group's manufacturing software division is trading robustly and average order values in the first six months were significantly higher than the comparable period last year. The new business pipeline for the retail software solutions division remains encouraging but extended buying cycles continue to be a challenge.

The business remains strongly cash generative, enabling the further reduction of net debt, which is expected to close the year at under £9m (31 December 2008: £13m), and a high proportion of the Group's annual income is underpinned by recurring revenues from software licence fee renewals and software support.

Given K3's dominant presence in its core markets, the Directors view the Group's long term growth prospects very positively and, in addition, are continuing to seek complementary acquisitions in line with strategy.

The Group's half year results will be announced in early September.

Enquiries:

K3 Business Technology Group plc

Andy Makeham, Chief Executive

T: 01282 864111

David Bolton, Chief Finance Officer

Daniel Stewart (NOMAD)

Paul Shackleton

T: 020 7776 6550

Biddicks

Katie Tzouliadis

T: 020 7448 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSDMFISSUSELM
Date   Source Headline
26th Nov 20147:00 amRNSAppointment of Chairman
26th Nov 20147:00 amRNSAGM Statement
14th Nov 20143:17 pmRNSDirector/PDMR Shareholding
4th Nov 20147:00 amRNSGains membership of Microsoft's GISV programme
3rd Nov 20143:05 pmRNSDirector/PDMR Shareholding
7th Oct 201411:24 amRNSDirector/PDMR Shareholding
6th Oct 20141:58 pmRNSExercise of options & Director's dealings
6th Oct 201410:47 amRNSAnnual Financial Report
2nd Oct 20148:51 amRNSSIP Announcement
15th Sep 20147:00 amRNSFinal Results
1st Sep 20142:15 pmRNSSIP announcement
1st Aug 201412:40 pmRNSSIP announcement
28th Jul 20147:00 amRNSAcquisition
14th Jul 20147:00 amRNSTrading update
8th Jul 20143:45 pmRNSExercise of options
1st Jul 201411:09 amRNSDirector/PDMR Shareholding
30th Jun 20149:04 amRNSHolding(s) in Company
27th Jun 20147:00 amRNSRetirement of Chairman
3rd Jun 201410:49 amRNSExercise of Options
2nd Jun 20142:00 pmRNSSIP announcement
29th May 20147:00 amRNSNon-Executive Director Board appointment
12th May 201412:59 pmRNSExercise of options
1st May 20146:19 pmRNSSIP Announcement
1st May 20146:16 pmRNSSIP Announcement
25th Apr 20144:20 pmRNSExercise of options
7th Apr 20146:12 pmRNSExercise of options
25th Mar 201411:53 amRNSExercise of options
17th Mar 20147:00 amRNSHalf Yearly Report
3rd Mar 201412:25 pmRNSDirector/PDMR Shareholding
28th Feb 20141:25 pmRNSExercise of options
17th Feb 20145:04 pmRNSHolding(s) in Company
4th Feb 20142:46 pmRNSHolding(s) in Company
3rd Feb 20146:29 pmRNSHolding(s) in Company
27th Jan 20143:56 pmRNSHolding(s) in Company
27th Jan 20147:00 amRNSBoard Changes
22nd Jan 20143:41 pmRNSHolding(s) in Company
20th Jan 20147:00 amRNSTrading update
17th Jan 201410:49 amRNSExercise of options
13th Jan 20143:27 pmRNSReplacement Announcement
7th Jan 201410:21 amRNSExercise of share options
3rd Jan 20149:15 amRNSDirector Shareholdings
19th Dec 20132:15 pmRNSExercise of Options
13th Dec 20133:20 pmRNSDirector/PDMR Shareholding
6th Dec 20133:31 pmRNSDirector/PDMR Shareholding
2nd Dec 20134:17 pmRNSDirector/PDMR Shareholding
27th Nov 20136:18 pmRNSResult of AGM
27th Nov 20137:00 amRNSAGM Statement
1st Nov 201310:54 amRNSSIP Announcement
3rd Oct 20133:25 pmRNSAnnual Report and Accounts
1st Oct 20131:06 pmRNSSIP Announcement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.