Trading Update
ESPRO INFORMATION TECHNOLOGIES LTD
("Espro" or "the Group")
Q4 TRADING UPDATE
22nd January 2008 - The Board of Espro Information Technologies Ltd (PLUS: ESP), the global provider of audio
and multimedia interpretation systems and content, is pleased to update investors today on trading in the
forth quarter ended 31st December 2007.
The Group has seen revenues in the quarter increase by approximately 25% compared to the same quarter last
year and to the previous quarter. This brings total revenues for the year to approximately US$16.5m, an
increase of approximately 6% compared to the previous year (FY 06: US$15.6m), ahead of market expectations.
This growth is a reflection of increasing demand for Espro's enhanced product range and innovative multimedia
content creation capabilities. In particular, demand for Guide U, Espro's group guiding product increased
through the year into Q4 not only from the Group's traditional tourism market but also from the corporate
sector. New contracts were signed in the final quarter with existing clients, the Dresden State Arts
Collection, BMW and Guinness, and new clients, the National Library of Medicine and the U.S. Capitol, both in
Washington DC. The U.S. Capitol in particular was a highly significant contract both in terms of revenue
generation and increasing the profile of the Group.
Additionally, the interest shown by clients in the Opus series of audio and multimedia guides, launched in the
summer of 2007 has been high throughout the second half. This has culminated in the signing of a number of
contracts worldwide, in Europe, Australia and the US, including Westminster Abbey in London in Q4. The Board
believes Opus will be one of the key drivers for growth in 2008.
Further successes in Q4 included a new contract with the Forbidden City in Beijing for 2008, the year of the
Olympic Games, and a content deal with Taipei's National Taiwan Museum.
Commenting on today's announcement, Israel Gal, CEO of Espro, said; "I am delighted to be reporting such solid
growth in the final quarter and year as a whole. We are operating in a vibrant market place and believe that
we are ideally positioned to leverage our global footprint, enhanced product range, and strong market presence
to generate increased growth and shareholder value in 2008."
Espro will be announcing final results in March 2008.
ENQUIRIES:
Espro Information Technologies Ltd Tel: + 972 9 7634400
Israel Gal, CEO
Nadav Karni, CFO
St Helens Capital plc Tel: + 44 (0) 20 7628 5582
Barry Hocken
ICIS Limited Tel: + 44 (0) 20 7651 8688
Caroline Evans-Jones
About Espro Information Technologies Ltd
Espro is a global developer, manufacturer and marketer of multi-lingual audio and multimedia content and hand
held interpretive systems that are used in museums, cultural and visitor centres, walking tours and trade shows
worldwide. The client base of the Group includes over 450 active sites, and comprises some of the world's best
known museums and heritage sites, including the Museum of Modern Art in New York, the Orsay Museum and the
Rodin Museum in Paris, the Imperial War Museum in London, the Guggenheim Bilbao in Spain, the State Hermitage
Museum in St. Petersburg, the Museum of Fine Arts in Vienna, the Israel Museum in Jerusalem, the Royal Museums
of Fine Arts of Belgium in Brussels, the National Gallery of Art in Washington, the International Antarctic
Center in New Zealand, the Staatlichen Kunstsammlungen Dresden (Dresden State Art Collections) and the
Forbidden City in Beijing. The Group employs approximately 90 full-time staff in 8 subsidiaries worldwide. For
further information, please visit the Group website at www.espro.com.
The Directors of Espro Information Technologies Ltd accept responsibility for this announcement.
Espro Information Technology Limited