Clarity Commerce Solutions PLC
19 February 2004
CLARITY COMMERCE SOLUTIONS PLC
TRADING STATEMENT
Clarity Commerce Solutions plc ('Clarity'), the AIM listed provider of software
solutions and services to the hospitality, leisure, entertainment and retail
markets announces that the integration of its acquisitions, Pacer/Cats and
Cyntergy, is proceeding well with increasing opportunities. Group profits,
despite being significantly above those of last year are likely to be below
market expectations for the year to 31 March 2004.
Commenting, Graham York, Chief Executive, said:
' The integration of Pacer/Cats is having to proceed more quickly than planned
as a result of its major customers requiring replacement or upgrade systems
faster than expected. The Group has therefore accelerated its investment in its
new solution. This will bring product to market more quickly than originally
anticipated and is encouraging in terms of prospects for the longer term. As a
result of this acquisition, we have widened our potential market, not just in
terms of sectors, but also geographically in Europe and the USA.'
The Group's turnover has significantly increased in the second half of this
financial year and is expected to be in-line with market expectations.
The Group has also commenced investment into the integration of the Clarity and
Flex products for the next generation of software for its sports and leisure
solution. Again this investment is expected to increase opportunities in the
longer term.
The acquisition of the Cyntergy help desk and training services, which has
benefited service levels across the Group's customer base, has also continued to
develop its service offering to retail customers outside of the Group.
The re-organisation of Group activities has enabled the Board to further review
the overhead structure and the board expects some benefit from these savings to
be reflected in the second half of the next financial year.
The Board is confident that the wider product offering and the accelerated
integration of the core products of the various Group companies will increase
sales opportunities in the future.
For further information contact:
Clarity Commerce Solutions plc
Graham York, Chief Executive: 01722 746200
Williams de Broe Plc
Ian Stanway: 0121 609 0050
END
This information is provided by RNS
The company news service from the London Stock Exchange
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