Retail division trading update

RNS Number : 2589V

EXPANSYS plc

10 January 2012

 

Embargoed: 0700hrs, 10 January 2012

EXPANSYS plc

("EXPANSYS" or the "Group")

Retail division trading update

EXPANSYS plc (AIM: XPS), a leading global online retailer of wireless and consumer technology and a provider of mobile network solutions, is pleased to provide an update on trading by the EXPANSYS retail division through the months of November and December 2011.

·     Overall retail revenues +30% vs same period in 2010, driven by very strong growth in own brand websites (EXPANSYS.com)

·     Growth across all international regions, with particularly strong growth in Asia and USA driven by strong product releases and improved local execution

Anthony Catterson, Chief Executive of EXPANSYS, commented:

"EXPANSYS.com made substantial progress through the key November and December trading periods. Despite the continued challenging environment in the UK and Europe, we are moving towards the final quarter of the financial year with pleasing growth being delivered in the retail business and across the Group."

Enquiries:

EXPANSYS plc

Anthony Catterson, CEO

Chris Ogle, CFO               Via M: Communications

Cenkos Securities

Stephen Keys or Camilla Hume

Tel: [phone]

[e-mail] / [e-mail]

M:Communications

Nick Miles or Ben Simons

Tel  [phone]

[e-mail] / [e-mail]

Investor relations website: www.EXPANSYS.plc.uk

About EXPANSYS

EXPANSYS (AIM: XPS) is a global online consumer electronics retailer, operating directly in 50 countries with a vast range of products, and a focused approach to service and value for its customers. EXPANSYS has recently begun to develop a strong partner eCommerce business providing multiple services for some of the world's leading brands (inc HTC and Motorola), across large numbers of International markets. The Group includes Data Select Network Solutions (DSNS), the market leading B2B SIM card distributor selling products on behalf of major network operators and MVNOs. The Group also includes PJ Media, an eCommerce and web services business with expertise in the multi-channel telecommunications sector, and a number of large international blue chip clients inc Vodafone.

 

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