Interim Management Statement

RNS Number : 1159L

Sage Group PLC

27 July 2011

 



The Sage Group plc Interim Management Statement

27 July 2011

Trading in-line with expectations

Results for the Group and each of our regions for the nine months ended 30 June, 2011 were in line with our expectations at the time of the announcement of our 2011 interim results on 4 May, 2011. Despite an uncertain economic backdrop, we have continued to deliver good growth in the business and we anticipate that our full year results will be in line with the Board's expectations.

Financial position

The Group`s cash generation remains strong and net debt fell to £67m at 30 June, 2011 (31 March 2011: £106m).

Outlook

Guy Berryuer, Chief Executive, commented:

"We are focussed on capitalising upon the many opportunities that we have in our markets, whilst managing our cost base carefully. With our market leading products and services, large international customer base and strong balance sheet, Sage is well positioned for future growth."

About The Sage Group plc

The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.3 million customers and 13,400 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com.

Enquiries:

The Sage Group plc [phone]

Guy Berruyer, Chief Executive
Paul Harrison, Group Finance Director
Andrew Griffith, Investor Relations

Tulchan Communications [phone]

David Shriver

Lucy Legh

 

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