Trading Update

RNS Number : 8984B

Focus Solutions Group PLC

04 November 2009

 



Press Release

4 November 2009

Focus Solutions Group plc

("Focus Solutions" or the "Group")

Trading update 

Focus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, today gives an update prior to the Group's Interim Results for the half year ended 30 September 2009.   

The Board remains confident of achieving both revenue and profit expectations for the full year, although half year revenues will be down on the same period last year due to the timing of securing certain contracts. The Board also expects that it will report a profit for the half year, and net cash balances at 30 September 2009 were £2.5 million (at 30 September 2008: £2.2 million).

Richard Stevenson, CEO of Focus Solutions, commented: "Since the beginning of the year, the Group has continued to transform its business model towards recurring licence and transaction based revenues. The Group's prospect list remains strong and we are now starting to see this pipeline convert, including contracts that have been delayed, as we progress into the second half of the year."

The Group intends to announce its Interim Results on 1 December 2009. 

- Ends - 

For further information:

Focus Solutions Group plc
Richard Stevenson, Chief Executive	Tel: [phone]
Martin Clements, Finance Director	www.focus-solutions.co.uk

Daniel Stewart & Company plc
Graham Webster	Tel: [phone]
	www.danielstewart.co.uk

Media enquiries:

Abchurch
Heather Salmond / Joanne Shears / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in the UK, Ireland and more recently across Europe.  

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.  

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk. 

For further information on Focus, please visit www.focus-solutions.co.uk

 

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