Trading Update

RNS Number : 1137S

IDOX PLC

04 November 2013

 



4 November 2013

Idox plc

Year End Trading Statement

Idox plc (AIM: IDOX, "the Company") reports that despite a stronger second half to the year the Company is disappointed to have to announce today that it will fall short of its May 2013 EBITDA guidance for the full year by up to 20%.

The Public Sector and Solutions divisions traded in line with expectations with the Public Sector division having a particularly strong end to the year. The Engineering Information Management (EIM) Division's performance, although much improved against H1, again fell short of expectations.

The Company has carried out an internal review to identify areas in need of improvement and is in the process of taking remedial action. The Company anticipates it will appoint a new Chief Financial Officer shortly, and will report with him on the changes made with the final results in December.

-Ends-

Enquiries:

Idox plc	[phone]
Martin Brooks, Chairman Richard Kellett-Clarke, Chief Executive
Investec Investment Bank plc (NOMAD & Broker)	[phone]
Andrew Pinder / Patrick Robb
finnCap (Broker)	[phone]
Stuart Andrews / Stephen Norcross
Leander (Financial PR)	[phone]
Christian Taylor-Wilkinson

About Idox plc

Idox plc is a supplier of specialist document management collaboration solutions and services to the UK public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.

Its Public Sector Software Division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. The Group provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web.

The Engineering Information Management Division delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation around the world.

Through the Information Solutions Division Idox also supplies, predominantly to the public sector, decision support content such as grants and planning policy information as well as related specialist services.

The Group employs over 500 staff located in the UK, the USA, Europe, India and Australia.

For more information see www.idoxplc.com

 

END

 

 

TSTNKQDBDBDDADK