Contract Win and Trading Update

RNS Number : 0095A

Anite PLC

26 March 2012

 



26 March 2012

Anite plc

("Anite" or 'the Group')

Trading Update

Multi-year Travel contract win

Anite plc, the leading provider of software solutions to the international wireless and leisure travel industries, today announces that its Travel division ("Travel") has signed a multi-year contract with Thomas Cook Group UK Limited ("Thomas Cook") for the implementation and support of Travel's @com reservation system in Thomas Cook's UK Mainstream division. 

Following this contract win and other recent progress by Travel, the Board now expects that Travel's revenues and profits for the year ending 30 April 2012 will be at least in line with those reported in the previous financial year.  Travel's order backlog is now expected to close the current financial year ending 30 April 2012 in excess of £85m (compared to £69.7m as at 31 October 2011).

As a result of this increase in expectations, the Board now expects overall Group profits for this financial year to be at least at the top end of the range of current market expectations.

Anite will issue a year end trading update in early May.

Christopher Humphrey, Anite's Chief Executive, commented:

"We are delighted to have signed this important contract. Our travel product, @com, is the only proven large scale reservation system on the market today and is currently used by an increasing number of leading international leisure travel companies."

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Christopher Humphrey, Chief Executive and Richard Amos, Group Finance Director will host a short conference call at 09:30am today, Monday 26 March 2012, to discuss the announcement.

Please contact Naomi Lane of MHP for access details on 020 3128 8204 or e-mail [e-mail]

Anite plc                                                                                                         www.anite.com

Christopher Humphrey, Chief Executive                                                        01252 775200

Richard Amos, Group Finance Director

MHP Communications                                                                                 020 3128 8100

Reg Hoare / Anthony Arthur / Giles Robinson / Naomi Lane   

 

END

 

 

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