Focus Solutions Group PLC
13 March 2007
Embargoed until 0700 13 March 2007
Focus Solutions Group plc
('Focus' or 'the Group')
Trading update
Focus Solutions Group plc (AIM: FSG), a leading supplier of adaptive software
solutions to the financial services industry, today issues a trading update
ahead of its financial year ending 31 March 2007.
Operating profit is expected to be significantly ahead of expectations, and
revenues will be in line. The step change in profitability has been achieved
through the introduction of a much more efficient solutions delivery model. Cash
balances are also expected to be significantly ahead of expectations.
Focus has exhibited continued strong growth over the year, with long-term
contracts with HSBC, St James's Place, Irish Life, BT and Lincoln Financial
Group secured. Focus' solutions have consistently produced proven returns on
investment for clients which in turn has resulted in further contract extensions
and upgrades from established customers. This success underpins the Group's
strategy of securing its recurring revenue base thereby increasing the
visibility of its earnings.
Focus intends to announce its preliminary results for the year ending 31 March
2007 in June 2007.
Richard Stevenson, CEO of Focus commented:
"We are pleased with the excellent progress made during the year ending March
2007 and look forward to the future with confidence as we continue to build upon
the recent contract momentum."
Enquiries:
Focus Solutions Group 01926 468 300
Richard Stevenson, CEO / Martin Clements CFO
Seymour Pierce 020 7107 8000
Mark Percy / Jeremy Porter
Smithfield 020 7360 4900
Reg Hoare / Tania Wild
Notes to editors:
Focus is an established supplier of easily configured & re-usable component
based software & business services, which enable faster, more effective & cost
efficient processing of complex customer transactions.
Focus has helped some of the world's leading public & private sector
organisations to successfully automate their most demanding customer processes.
For further information on Focus, please visit www.focus-solutions.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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