Trading Update

RNS Number : 8989A

Sopheon PLC

04 January 2018

 

For Immediate Release

 

SOPHEON PLC

("Sopheon", the "Company" or the "Group")

TRADING UPDATE

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Performance, is pleased to announce an initial indication of the Group's performance in 2017.

In our interim report issued on 24 August 2017, we highlighted continued building of momentum and enhanced market recognition of the Company's product set. We are pleased to report that this has again translated into solid growth, with particular strength in the closing quarter of the year. As a consequence, early indications are that revenues, EBITDA and pre-tax profits for the year ended 31 December 2017 will all exceed market expectations. In addition, we expect improved recurring revenue and visibility into 2018.

Financial expectations noted above are preliminary, and subject to year-end financial close and audit processes. Further information will be provided towards the end of January, and in line with our normal reporting schedule, Sopheon plans to issue its 2017 results on 22 March 2018.

For further information contact:

Barry Mence, Chairman Arif Karimjee, CFO	Sopheon plc	+ 44 (0) 1276 919 560
Carl Holmes / Giles Rolls (corporate finance) Mia Gardener / Camille Gochez (corporate broking)	finnCap Ltd	+ 44 (0) 20 7220 0500

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability.  Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning.  Sopheon's solutions have been implemented by over 250 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange.  For more information, please visit www.sopheon.com

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

END

 

 

TSTQXLFBVFFZBBZ