22 Jul 2010 07:00
Embargoed Release: 07:00hrs Thursday 22 July 2010
SOPHEON PLC
("Sopheon" or the "Company")
TRADING UPDATE
Sopheon plc, the internationalprovider of software and services that improve the financial return from innovation and product development investments, issues the following trading update for the six months to 30 June 2010.
In our Annual General Meeting announcement issued on 15 June we noted that several prospect opportunities had the potential to close by the end of the quarter, which if concluded, would enable us to exceed the first half revenue performance of 2009. We are pleased to report that our actual performance during the closing weeks of June means that both revenue and EBITDA for the first half of 2010 are expected to show material improvement compared to the corresponding period last year, with a significant improvement in full year revenue visibility.
Details will be provided in our interim financial report, scheduled for release on 26 August 2010. Expectations noted above are subject to completion of the period-end financial close and auditor review processes.
For further information contact:
| Barry Mence, Chairman | Sopheon plc | Tel : + 44 (0) 1483 685 735 |
| Arif Karimjee, CFO | Sopheon plc | Tel : + 44 (0) 1483 685 735 |
| Justine James / Kirsty Corcoran | Hansard Communications | Tel : + 44 (0) 20 7245 1100 |
| Floor van Maaren | Citigate First Financial | Tel : + 31 (0) 205 754 010 |
| Catherine Leftley / Jonathan Wright | Seymour Pierce Corporate Finance | Tel: +44 (0) 20 7107 8000 |
About Sopheon
Sopheon (LSE: SPE) is an international provider of software and services that help organisations improve the business impact of product innovation. Sopheon's solutions automate and govern the innovation process, enabling companies to increase revenue and profits from new products. Sopheon's solutions are used by industry leaders throughout the world, including BASF, Cadbury, Corning, Electrolux, Honeywell, Motorola and SABMiller. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands. For more information, please visit www.sopheon.com.
Revenue visibility is defined in Note4 of Sopheon's 2009 annual report.