StatPro Regulatory News (SOG)

13 Jan 2005 07:00

Statpro Group PLC13 January 2005 Thursday, 13 January 2005 STATPRO GROUP PLC ("StatPro", the "Group", or the "Company") Year End Trading Update StatPro Group plc, the AIM listed provider of portfolio analytics solutions forthe global asset management industry, today provides a trading update for itsfinancial year ended 31 December 2004. The Board is pleased to confirm that the Group's performance has been in linewith its expectations. As anticipated at the time of the Group's interim results in August, there hasbeen an increase in sales activity, which has led to a higher level of newlicences being signed in the second half of 2004. Whilst the Group has made sales of all its products, we have been encouraged byrecent sales of the risk system as new regulations have driven the markets inEurope. As a result, the annualised recurring revenues of StatPro RiskManagement contracts have grown satisfactorily during 2004, the first full yearfollowing the acquisition of the product. Overall, StatPro continued to grow its turnover in 2004, generating an operatingprofit and cash inflow for the year, and resulting in a net cash position at 31December 2004. StatPro intends to announce its preliminary results for the year ended 31December 2004 on Monday 28 February 2005. Justin Wheatley, Chief Executive, commenting on the trading update, said: "StatPro performed well in 2004 and we look forward to making further progressin 2005 on the back of an improving pipeline for our new risk system and otherproducts." - Ends - For further information, please contact: StatPro Group plc www.statpro.comJustin Wheatley, Chief ExecutiveAndrew Fabian, Finance Director 020 8410 9876 SmithfieldReg Hoare/Sara Musgrave 020 7360 4900 Corporate Synergy PlcJustin Lewis 020 7626 2244 This information is provided by RNS The company news service from the London Stock Exchange