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92.50    5.00 (5.71%)
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Spread: 5.00 (5.556%)
Market Cap: £6.08m
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Trading Update

3 Mar 2015 07:00

RNS Number : 3200G
Crimson Tide PLC
03 March 2015
 

Crimson Tide PLC

("Crimson Tide" or "the Company")

Trading Update

 

Crimson Tide is pleased to provide a trading update for the year ended 31 December 2014.

 

The Company expects EBITDA and Profit Before Tax for 2014 to be ahead of market expectations and that reported for 2013. Turnover was similar to last year.

 

The Board was encouraged by the robust performance for the period. Trading in the year was strong with improved profitability and cash generation. Significantly, in the last quarter the business commenced delivery of mpro5 to the global food and beverage company announced last year.

 

Outlook

 

The Roll out of mpro5 to the food and beverage company has gone well in Australia .The Company expects further expansion of this opportunity and the next deliveries are planned for Germany and North America. The client has expressed its satisfaction with the services provided. The Company continues to work on larger opportunities and is confident of progress.

 

Sam Roberts, the Company's new Sales Director, commenced work on February 10, and the Board is excited by the opportunities which it believes Mr Roberts will exploit. The Company continues to invest for growth with significantly increasing sales and marketing spend budgeted this year. In addition it is investigating further opportunities in the markets now being served with its global client.

 

Barrie Whipp, Executive Chairman, commented: "2014 proved to be an excellent year of progress for the Company and as announced recently, we are in a strong cash position which gives us a platform to grow ambitiously. The opportunities in front of us are very exciting"

 

 

For further information:

 

Crimson Tide plc

 

Barrie Whipp, Executive Chairman 01892 542 444

 

WH Ireland

 

James Joyce /James Bavister 020 7220 1666

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
7th Mar 202510:20 amRNSForm 8.5 (EPT/RI)
6th Mar 20259:22 amRNSForm 8.5 (EPT/NON-RI)
5th Mar 202511:07 amRNSForm 8.5 (EPT/RI)
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3rd Mar 202512:13 pmRNSForm 8.5 (EPT/RI)
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12th Feb 20252:36 pmGNWForm 8.3 - Crimson Tide Plc
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12th Feb 202511:23 amRNSForm 8.3 - Crimson Tide plc
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14th Nov 20243:32 pmRNSHolding(s) in Company
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19th Aug 20247:00 amRNSCrimson Tide Launches Interactive Investor Hub
30th Jul 20247:00 amRNSBoard Changes
11th Jul 20241:07 pmRNSStatement of no intention to make an offer
9th Jul 20248:20 amRNSForm 8.5 (EPT/NON-RI)
27th Jun 20242:45 pmRNSResult of AGM
25th Jun 202412:32 pmRNSForm 8.3 - Crimson Tide PLC

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