FFA Ffastfill

TIDMFFA

RNS Number : 7650N

FFastFill PLC

03 October 2012

03 October 2012

FFastFill plc

("FFastFill" or the "Group")

Trading Update

The Board of FFastFill plc (LSE: FFA), the leading provider of Software as a Service ("SaaS") to the global derivatives community, provides the following update on trading for the six months ended 30 September 2012.

The Board expects to report strong revenue growth and a significantly improved adjusted operating profit performance for the half compared to the same period last year, driven by good customer win momentum. Net Cash at 30 September 2012 was GBP2.0m (31 March 2012: GBP2.2m; 30 September 2011: GBP1.1m).

The Board also expects to report double digit organic SaaS revenue growth for the half in addition to a strengthened order book. The Board is particularly pleased to note that new customer win momentum and cross selling across all service lines and geographies has continued, with particularly encouraging sales progress for the Group's risk management solutions.

FFastFill's pipeline of prospects remains encouraging. As such the Board is confident that the Group's performance remains in line with its current expectations for the financial year as a whole.

The Group expects to report interim results for the six months ended 30 September 2012 on Monday, 19 November 2012.

Keith Todd CBE, Executive Chairman of FFastFill commented:

"Despite the difficult market conditions, FFastFill has secured strong new business momentum during this first half, resulting from the breadth of our global SaaS offering and building upon the acquisitions and investments made in prior years. The Group continues to make good operational progress and enters the second half in a positive position. Our focus remains on driving profitable growth."

For further information please contact:

 
 FFastFill plc                             +44 (0)20 3002 1900 
 Keith Todd CBE, Executive Chairman 
 Hamish Purdey, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
 FTI Consulting                            +44 (0)20 7831 3113 
 James Melville-Ross / Matt Dixon / 
  Emma Appleton / Jessica Liebmann 
 
 Canaccord Genuity Limited                 +44 (0)20 7523 8000 
 Simon Bridges / Cameron Duncan 
 
 finnCap                                   +44 (0)20 7220 0500 
 Tom Jenkins / Marc Young 
 

About FFastFill

FFastFill is the leading provider of Software as a Service to the global derivatives community using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFastFill's solutions encompass electronic order routing, clearing, risk management and back office as part of an integrated, yet modular system architecture. FFastFill is traded on London's AIM (AIM: FFA).Further information on FFastFill is available at www.ffastfill.com. Follow us on Twitter @FFastFill.

This information is provided by RNS

The company news service from the London Stock Exchange

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