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25 Jan 2013 07:00
Embargoed for release at 7am
London, January 25th, 2013
blur (Group) plc
("blur," the "Group" or the "Company")
Trading Update
blur (Group) Plc (BLUR), operators of the world's leading Global Services Exchange at blurgroup.com, today provides an update on trading for the year ended 31 December 2012.
Following the strong growth seen across all key metrics during the year, the Company is pleased to confirm that financial results for the year will be in line with market expectations, delivering year-on-year revenue growth of over 200%.
Philip Letts, CEO of blur Group commented, "We are delighted to have concluded our first reporting period as a publicly listed business in such a positive manner. We are now keenly focused on continued execution and believe that we are well on our way to building a world-beating services commerce (s-commerce) platform."
ENDS
blur (Group) plc | investors.blurgroup.com |
Philip Letts, CEO/ Belinda Wrigley, Group FD | Tel: +44 20 3176 0548 |
N+1 Singer | |
Shaun Dobson / Matt Thomas | Tel: +44 20 7496 3000 |
Newgate Threadneedle | |
Caroline Evans-Jones/ Josh Royston/ Hilary Millar | Tel: +44 20 7653 9850 |
About blur (Group) plc at blurgroup.com
blur owns and operates s-commerce exchanges where businesses in any country can buy, sell and pay for services like marketing, advertising, technology, legal and accounting. Businesses brief projects and expert service providers pitch for the project and the entire process runs online right through to project delivery and payment.
In early 2010, when the Exchange formally launched, just over three briefs per month were submitted. In Q4 2012 this had risen to around 80 per month from companies like Broadridge, Coral, Exceed, Fantasy World, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average brief value has grown from approximately $1,500 in 2010 to an average of $16,050 in Q4 2012. Now more than 1,400 briefs have been submitted with a combined brief value of over $20 million, with these briefs coming from the US, UK, Europe, Africa and Asia.
Today, blur Group has approaching 25,000 experts, agencies and service provider firms in over 133 countries on eight crowd platforms who benefit from networking, peer advice as well as new business opportunities. All are reviewed and approved by the Group's Exchange Support executives before joining.
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