12 Aug 2013 07:00
Date: | 12 August 2013 |
On behalf of: | PROACTIS Holdings PLC ("Proactis" the "Company" or "the Group") |
Embargoed until: | 0700hrs |
PROACTIS Holdings PLC
Trading Update
PROACTIS Holdings PLC, a global Spend Control and eProcurement solution provider, is pleased to update the market on trading for the financial year ended 31 July 2013. The Group confirms that results are expected to be in line with current market expectations, with revenues of £8.0m, adjusted EBITDA of £1.3m and adjusted profit before tax of £0.6m.
The Group's cash position at the end of July was approximately £2.4m and the Group remains debt free.
The Group starts the new financial year with an order book in excess of £6.0m and a healthy pipeline of new deal opportunities. The Board is confident of the continuing prospects for growth for the coming year.
The Group's results for the year ended 31 July 2013 will be announced on or around Wednesday 2 October 2013.
Rod Jones, Chief Executive commented:
"The past year has been significant for PROACTIS. With our shift toward a blended SaaS/Cloud and perpetual licensed business model just completing its third full year, we are seeing the realisation of the reliable profits that we had planned for. Our commitment to building an enhanced product remains and we are continuing to receive plaudits from the market on its breadth and depth. Our pipeline of prospects remains solid and we are confident that we will extend our already strong position within the Spend and eProcurement market place".
End
For further information, please contact:
PROACTIS Holdings PLC | |
Rod Jones, Chief Executive Officer Tim Sykes, Chief Financial Office
| Via Redleaf Polhill
|
Redleaf Polhill | |
Rebecca Sanders-Hewett Jenny Bahr | 0207 382 4730 |
finnCap Limited Charlotte Stranner | 0207 220 0500
|
Notes to Editors:
PROACTIS is a leading provider of Spend Control and eProcurement solutions. Hundreds of organisations around the world use PROACTIS software and services to streamline and automate processes and obtain best value and control in procurement.
Source-to-contract solutions: help organisations to automate the full buying cycle from improving the way they find, evaluate and engage suppliers to increasing "on contract" spending and enabling more effective collaboration with their trading network.
Purchase-to-Pay solutions: enable organisations to streamline the purchase to pay process, eliminate labour-intensive manual registration of invoices, speed up invoice matching and approvals and gain control of the "after-the-event" purchase claims.
Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with ERP and financial systems. PROACTIS also offers a range of cloud-based delivery options, including Software-as-a-Service ("SaaS") and dedicated-hosted application delivery, and flexible licensing models.
PROACTIS was founded in 1996 and has been listed on the London Stock Exchange since 2006 (AIM: phd). Headquartered in the UK with direct operations in Europe, North America, and Asia Pacific, PROACTIS also has an extensive global partner network.