Synstar PLC
31 March 2003
31 March 2003
Synstar Plc
('Synstar')
Ahead of entering its close period, Synstar, the pan-European IT services
provider, is today updating the market on trading for the six month period ended
31 March 2003.
We are pleased to confirm that current trading continues in line with market
expectations. We continue to make progress cross-selling our services into
current customers with recent examples at Avecia, London Electricity and First
Group. Additionally our efforts in new name sales have been rewarded with new
contract wins including Cognotec and Atomic Weapons Establishment. Our plans
for the recovery of our French business remain on track and feature the signing
of several multi-service line deals, for example, with CORSAIR.
Our order book remains strong, benefiting from regularly winning larger, more '
joined up' deals. We continue to adjust our mix of services, exiting
under-performing contracts in order to maintain upward pressure on overall
margins.
The Board remains confident that Synstar's flexible and innovative approach to
its customers' end to end IT requirements, coupled with continuing excellent
customer satisfaction results, means the Group is well placed to deliver
enhanced profitability going forward.
Synstar will be announcing its interim results for the six months ended 31 March
2003 on Friday 30 May 2003.
For further information please contact:
Steve Vaughan/Stephen Gleadle
Synstar Plc Tel: 01344 662700
Edward Bridges / James Melville-Ross / Juliet Clarke
Financial Dynamics Tel: 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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