Trading Update

RNS Number : 1726P

Access Intelligence PLC

30 September 2013

 



FOR RELEASE                                                                                                   

7.00AM

30 SEPTEMBER 2013

ACCESS INTELLIGENCE PLC

("Access Intelligence" or "the Group")

TRADING STATEMENT

Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for the full life cycle management of a company's governance, risk and compliance, is today providing the following update on its current trading and anticipated results for the year ending 30 November 2013.

The Group is expected to report revenue of approximately £8.4m for the current financial year which represents revenue growth of 5% compared to the prior year but which is lower than current market expectations. The lower revenue, principally the result of weaker trading in one of the Group's divisions, is expected to result in the EBITDA for the year being lower than market expectations but ahead of the previous year.

Despite the significant investment in the York Development Centre on product innovation that is expected to drive growth for 2014 and beyond, cash flows remain robust with the year-end cash expected to be approximately £1.2m.

We expect to release the final results for the year ended 30 November 2013 in March 2014.

For further information:

Access Intelligence plc Michael Jackson (Executive Chairman)          Joanna Arnold (COO) Kole Dhoot (CFO)	0843 659 2940
Sanlam Securities Simon Clements / Katie Shelton	020 7628 2200
Newgate Threadneedle Josh Royston/ Heather Armstrong	020 7653 9850

 

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