Sopheon PLC Trading Update (0831V)
19 July 2018 - 4:00PM
UK Regulatory
TIDMSPE
RNS Number : 0831V
Sopheon PLC
19 July 2018
SOPHEON PLC
("Sopheon" or the "Company")
Trading Update
Sopheon plc, the international provider of software and services
for complete Enterprise Innovation Management solutions, issues the
following trading update for the six months to 30 June 2018.
In our Annual General Meeting announcement issued on 7 June, we
noted that the positive momentum from 2017 had continued into the
current year and that full year 2018 revenue visibility had risen
to $23.5m compared to $17.5m the year before, an all time high. We
are delighted to report that following a good close to June,
revenue visibility now stands at $26.5m.
As we start the second half of the year, sales activity remains
high and the board remains confident that the Company is trading
comfortably in line with expectations.
With this progress, we expect revenue, EBITDA and profit before
tax for the first half of 2018 to be significantly ahead of prior
year performance for the corresponding period.
Net cash at 30 June 2018 stood at $15.5m, compared to $9.5m at
31 December 2017, and $6.6m at 30 June 2017.
Further details of the results for the six months to 30 June
2018 will be provided in our interim financial report, scheduled
for release on 23 August 2018. Expectations noted above are subject
to completion of the period-end financial close and auditor review
processes.
For further information contact:
Barry Mence, Chairman + 44 (0) 1276
Arif Karimjee, CFO Sopheon plc 919 560
Carl Holmes/Giles Rolls (corporate
finance) + 44 (0) 20 7220
Alice Lane (ECM) finnCap 0500
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About Sopheon. Sopheon (LSE: SPE) partners with customers to
provide complete Enterprise Innovation Management solutions
including software, expertise, and best practices, that enable them
to achieve exceptional long-term revenue growth and profitability.
Sopheon's Accolade solution provides unique, fully-integrated
coverage for the entire innovation management and new product
development lifecycle, including strategic innovation planning,
roadmapping, idea and concept development, process and project
management, portfolio management and resource planning. Sopheon's
solutions have been implemented by over 250 customers with over
60,000 users in over 50 countries. Sopheon is listed on AIM,
operated by the London Stock Exchange. For more information, please
visit www.sopheon.com.
Revenue visibility is defined on page 6 of Sopheon's 2017 annual
report which is available from the investor section of
www.sopheon.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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