23 May 2019 07:00
23 May 2019
STILO INTERNATIONAL PLCTrading Update
Stilo International plc ("Stilo" or the "Company") today provides a trading update. The Company develops software tools and cloud services that help organisations create and process structured content in XML format so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.
In the Company's 2018 Preliminary Results, announced on 14 March 2019, we indicated that the outlook for 2019 was uncertain. Albeit the Company is involved in several new contract bids that could materialise later in 2019, the Company expects to report a material drop in revenue and a loss for the six-month period ending 30 June 2019, as sales have been slower than planned.
Given the ongoing trading uncertainty, it is important that we reduce our operating costs and we will be taking appropriate measures to do so in the coming weeks.
ENQUIRIES
Stilo International plcLes Burnham, Chief ExecutiveT +44 (0)1793 441444
| SPARK Advisory Partners (Nominated Adviser)Neil Baldwin T +44 (0) 203 368 3554Mark Brady T +44 (0) 203 368 3551
SI Capital (Broker) Nick Emerson T +44 (0) 1483 413500
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Stilo (STL)