Sopheon PLC Trading Update (8989A)
January 04 2018 - 1:00AM
UK Regulatory
TIDMSPE
RNS Number : 8989A
Sopheon PLC
04 January 2018
For Immediate Release
SOPHEON PLC
("Sopheon", the "Company" or the "Group")
TRADING UPDATE
Sopheon, the international provider of software, expertise, and
best practices for Enterprise Innovation Performance, is pleased to
announce an initial indication of the Group's performance in
2017.
In our interim report issued on 24 August 2017, we highlighted
continued building of momentum and enhanced market recognition of
the Company's product set. We are pleased to report that this has
again translated into solid growth, with particular strength in the
closing quarter of the year. As a consequence, early indications
are that revenues, EBITDA and pre-tax profits for the year ended 31
December 2017 will all exceed market expectations. In addition, we
expect improved recurring revenue and visibility into 2018.
Financial expectations noted above are preliminary, and subject
to year-end financial close and audit processes. Further
information will be provided towards the end of January, and in
line with our normal reporting schedule, Sopheon plans to issue its
2017 results on 22 March 2018.
For further information contact:
+ 44 (0)
Barry Mence, Chairman 1276 919
Arif Karimjee, CFO Sopheon plc 560
Carl Holmes / Giles
Rolls (corporate finance)
Mia Gardener / Camille + 44 (0)
Gochez (corporate broking) finnCap Ltd 20 7220 0500
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
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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