7 Jan 2015 11:28
Stilo International plc
Trading Update
Stilo International plc ("Stilo" or the "Company"), the AIM quoted provider of XML content processing technology and cloud content conversion services, announces that sales for the financial year ended 31 December 2014 have been materially impacted by the shelving of a significant project by a major European customer. While the Company has traded profitably in the year ended 31 December 2014, revenues and EBITDA will be below current market expectations. The cash position at 31 December 2014 remains steady at approximately £1,090,000 (2014: £1,085,000).
The Company continues to trade satisfactorily, with recent customers including SAP, Intel, Atmel, IBM and Vestas. Good progress is being made with the development of AuthorBridge, a new web-based XML authoring solution being piloted with a major customer in early 2015.
Further details will be provided when the Company announces its preliminary results for the year ended 31 December 2014 which are expected to be released on 12 March 2015.
7 January 2015
Enquiries:
Stilo International plc 01793 441444
Les Burnham, Chief Executive
Richard Alsept, Chief Financial Officer
Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook / Carl Holmes