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23 Nov 2017 07:00
blur Group plc
("blur", the "Group" or the "Company")
Trading update
Following the recent placings and board changes in the summer blur is pleased to announce that the company is making steady progress.
· Gross profit and revenue in Q3 2017 are ahead of H1 2017
· Q4 2017 revenue and gross profit are expected to be ahead of Q3 2017
· New customer wins are encouraging
· Cash balance as at 22 November 2017 was £2.71m
Laurence Cook, CEO, commented:
"I have been encouraged by the increasing rate of repeat business we are getting from existing customers and the addition of significant new customers. Although there is usually a lead time between the signing of a new customer and subsequently the building of momentum on the platform, the current trend is promising. It is reassuring that we now have sufficient resources to develop the business further over the next few years."
For further information, please contact:
blur Group plc | investors@blurgroup.com | |
Richard Croft | Tel: + 44 (0) 20 7693 9544 | |
N+1 Singer (Nominated Adviser & Broker) | ||
Shaun Dobson | Tel: +44 (0) 20 7496 3000 | |
James White |
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