Stilo International PLC Trading Update (7788V)
July 26 2018 - 1:00AM
UK Regulatory
TIDMSTL
RNS Number : 7788V
Stilo International PLC
26 July 2018
26 July 2018
STILO INTERNATIONAL PLC
Trading Update
Stilo International plc ("Stilo" or the "Company") today
provides a trading update following its half year end on 30 June
2018. 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 AGM statement of 23 May 2018 we indicated that
results for year ended 31 December 2018 would likely be impacted
because of the non-repeatability of two significant contracts that
were received in 2017. Unfortunately, during the first six months
of 2018 the Company has not made the sales breakthroughs required
to compensate for the orders shortfall and the Board can now
confirm that the Company expects to report a near break-even
position for the six month period ended 30 June.
Current indications are that this position is likely to continue
for the second half of 2018, as the Company looks to build the
sales pipeline. In the meantime, given our strong balance sheet,
the Board intends to continue to make significant investments in
R&D and expects to announce the payment of an interim dividend
when the interim results are published in late August.
ENQUIRIES
Stilo International plc SPARK Advisory Partners
Les Burnham, Chief Executive (Nominated Adviser)
Neil Baldwin T +44 (0) 203 368
T +44 (0)1793 441444 3554
Mark Brady T +44 (0) 203 368
3551
SI Capital
(Broker)
Nick Emerson T +44 (0) 1483 413500
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END
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