Trading Update
October 10 2008 - 11:19AM
UK Regulatory
RNS Number : 6436F
Nipson Digital Printing Systems PLC
10 October 2008
For Immediate Release 10 October
2008
NIPSON DIGITAL PRINTING SYSTEMS PLC ("Nipson" or "the Company")
TRADING UPDATE
The total sales for the third quarter of the year to 30 September 2008 were encouraging at �7.4 million (Second Quarter 2008: �6.4m),
bringing the total sales for the first 9 months of 2008 to �21.4 million (2007: �18.9m).
Equipment sales were up on previous quarters of 2008 at �2.4 million to reach �6.3 million for the first 9 months (2007: �4.9m).
Recurrent revenues were slightly up at �5.0 million for the third quarter and at �15.1 million for first nine months (2007: �14.0m).
These figures are subject to an audit review and the third quarter results are expected to be announced no later than 20 November 2008.
However, the French subsidiary of the Nipson Group, Nipson SAS, is currently under severe financial constraints and a restructuring plan
is in the process of being defined. It is not possible to determine at this time if the restructuring plan will be sufficient to redress the
situation. The continued losses of the French company and the increase in the Group's activity require additional funding of its working
capital beyond the levels agreed with its bankers and its major shareholder, Polar.
The Company has been working with Polar for some time to secure additional sources of financing for the business. The company is
currently in discussion with third parties concerning an equity-debt transaction.
Robert Cahill
Group Finance Director on behalf of the Board
Nipson DPS plc
Tel. : +33 (0)3 84 545 250
Roland Cornish/Rosalind Hill Abrahams
Beaumont Cornish Limited
Tel. : 0207 628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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