Embargoed Release: 07:00hrs Friday 19th January 2007
SOPHEON PLC
(`Sopheon' or the `Company')
TRADING UPDATE
Sopheon plc, the international provider of solutions that improve the business
return from innovation and product development, announces that it expects total
revenues for 2006 to meet market expectations, representing an increase of
approximately 30% over 2005. Further, although the year-end close process is
not yet complete, our initial workings indicate that this revenue performance
will bring the group's EBITDA result to the breakeven level, which would exceed
market expectations.
During the past year we sold software licenses to 16 new customers, increasing
the size of our licensee base to 87 companies. Twenty additional orders were
received from existing customers for extension licenses to support expanded use
of the software. Revenue growth in Europe was particularly strong, supported by
significant business in Scandinavia.
As in past years, several opportunities that were targeted for closure in 2006
did not conclude and remain under negotiation. The result is that the Company
has a strong pipeline with which to start the new year. In addition, our annual
recurring revenue base coming into 2007 has grown to almost £1.7m.
Financial expectations noted above are subject to the completion of the
year-end financial close and audit processes. Sopheon plans to issue its 2006
preliminary results on 29 March 2007.
Sopheon's Chairman, Barry Mence said:
`Our revenue and earnings performance reflect the substantial progress we made
during 2006 in strengthening the underlying fundamentals of our business. Just
as importantly, we are confident that our momentum going into 2007 will allow
us to build on these advances. We are delighted by the implications for our
ability to return additional value to our shareholders.'
For further information contact:
Barry Mence, Chairman Sopheon plc Tel : + 44 (0) 1483 685
735
Arif Karimjee, CFO
Andrew Tan Hansard Group Tel : + 44 (0) 207 245
1100
+ 44 (0) 7957 203 685
Floor van Maaren Citigate First Financial Tel : + 31 (0) 205 754 010
About Sopheon
Sopheon (LSE:SPE) is an international provider of software and services that
help organizations improve the business impact of product innovation. The
Sopheon Accolade® system automates gate or phase-based product development
processes and provides strategic decision support that allows companies to
increase revenue and profits from new products. Sopheon is listed on the AIM
Market of the London Stock Exchange and on the Euronext in the Netherlands. For
more information, please visit www.sopheon.com.
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