Embargoed Release: 07:00hrs Friday 18 July 2008
SOPHEON PLC
("Sopheon" or the "Company")
TRADING UPDATE
Sopheon plc, the international provider of software and services that improve
the financial return from innovation and product development investments, is
pleased to announce the following trading update.
During the first half of 2008 we added 17 new licensee customers and 7 license
extension orders from existing customers, in addition to a number of
consultancy and services contracts.
On Wednesday 25th June we announced we had achieved the milestone of 150
licensees and had revenue visibility for 2008 in excess of £6 million. Since
that announcement we have closed an additional 4 new customers as well as a
very substantial extension order which was closed in July. With this additional
business, visibility for 2008 now stands at almost £7.3 million compared with £
4.9 million at this time last year. Our sales pipeline for the remainder of
2008 remains very active and any new business from the pipeline that we succeed
in closing between today and the end of the year will add to this visibility
figure. Sopheon's total revenues for 2007 were £6.3 million.
A full definition of how visibility is calculated was provided in our
announcement on 25 June.
We expect both revenue and EBITDA for the first half of the year to show good
growth compared to 2007 and will provide details in our interim financial
report, scheduled for release on 28 August 2008.
For further information contact:
Barry Mence, Chairman Sopheon plc Tel: +44 (0) 1483 685 735
Arif Karimjee, CFO
Vikki Krause Hansard Communications Tel: +44 (0) 20 7245 1100
Paul Davies / Seymour Pierce Limited Tel: +44 (0) 20 7107 8000
Parimal Kumar
(Corporate Finance)
Frank Jansen 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® product innovation process and portfolio management 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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