Escher Group Holdings PLC Year-end trading update (6748B)
12 1월 2018 - 4:00PM
UK Regulatory
TIDMESCH
RNS Number : 6748B
Escher Group Holdings PLC
12 January 2018
12 January 2018
Escher Group Holdings plc
Year-end trading update
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"),
a world leading provider of outsourced, point of service software
for use in the postal, retail and financial industries, publishes a
trading update for the year to 31 December 2017.
Group revenue is expected to be marginally ahead of the figure
published in the Trading Update on 14 November 2017 and adjusted
EBITDA* is expected to be in the order of $2.8m.
As previously indicated, the Group will have exceptional costs
in the order of $300,000, incurred to complete the restructuring
commenced in 2016.
The Group finished the year in a net positive cash position,
despite the absence of any major one-off licence sales in 2017 and
the costs incurred from the exploration of routes to market for the
Group's Licensing and Permitting technologies.
Escher expects to publish its full year results in the week
commencing 6 March 2018.
Liam Church, Escher Chief Executive said:
"We have now structured the business to produce solid EBITDA
returns and to generate cash, even in the absence of a major,
one-off licence sale."
*Operating profit before, depreciation, amortisation,
share-based payments and exceptional items.
Enquiries:
Escher www.eschergroupholdings.com +353 (0)1 254 5400
Liam Church, Chief Executive
Officer
Clem Garvey, Chief Financial
Officer
Fionnuala Higgins, Chief Commercial
Officer
+44 (0)20 7886
Panmure Gordon 2500
Andrew Godber / Alina Vaskina,
Corporate Finance
Erik Anderson, Corporate Broking
+44 (0)20 7457
Instinctif Partners 2077
Adrian Duffield / Chris Birt
Market abuse regulation
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 12, 2018 02:00 ET (07:00 GMT)
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