Trading Update

RNS Number : 0475M

Sanderson Group PLC

12 September 2012

 



For Immediate Release                                                                                                   12 September 2012

SANDERSON GROUP PLC

Trading Update

Sanderson Group plc ('Sanderson' or 'The Group'), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces the following trading update ahead of the announcement of its preliminary results for the year ended 30^th September 2012, due to be released in late November 2012.

Following the sale of Sanderson RBS Limited in January, the Group has focused on developing and further growing its businesses in the multi-channel retail and manufacturing markets.  Investment has continued in new products and services and this has contributed to an increase in the Group's overall order intake.  Up until the end of August, cumulative orders are nearly 10% ahead of the comparative period of the previous year and whilst both divisions have increased order intake, growth has been most noticeable in the multi-channel business. The multi-channel division has secured two large orders from new customers, each worth approximately £250,000 and by the end of July 2012, after ten months of the current year, order intake for the multi-channel division exceeded the total order intake for the whole of the previous year.

As a result of the strong order intake and the winning of new customers, the Group's trading performance will now be slightly ahead of the Board's expectations for the year ending 30 September 2012.

The UK economic environment remains challenging and whilst Sanderson is affected by these market conditions, continued investment in product development and in sales and marketing has further strengthened the Group's competitive market position. The Group continues to look carefully at acquisition opportunities in both the manufacturing and multi-channel retail markets.

The Board intends to provide shareholders with a further pre-close trading update towards the end of October.

 Enquiries:

Sanderson Group plc	02476 555466
Christopher Winn, Chairman
Charles Stanley Securities - Nominated Advisor and Broker	020 7149 6000
Mark Taylor
Winningtons Financial    Paul Vann	0117 985 8989 or 07768 807631

 

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