Stilo International PLC Trading Statement (9052Z)

TIDMSTL

RNS Number : 9052Z

Stilo International PLC

23 May 2019

STILO INTERNATIONAL PLC

Trading Update

Stilo International plc ("Stilo" or the "Company") today provides a trading update. 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 2018 Preliminary Results, announced on 14 March 2019, we indicated that the outlook for 2019 was uncertain. Albeit the Company is involved in several new contract bids that could materialise later in 2019, the Company expects to report a material drop in revenue and a loss for the six-month period ending 30 June 2019, as sales have been slower than planned.

Given the ongoing trading uncertainty, it is important that we reduce our operating costs and we will be taking appropriate measures to do so in the coming weeks.

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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May 23, 2019 02:00 ET (06:00 GMT)

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