Pre-Close Trading Update
18 Outubro 2007 - 5:02AM
UK Regulatory
RNS Number:9127F
Civica PLC
18 October 2007
For immediate release 18 OCTOBER 2007
Civica plc
Pre-Close Trading Update
'Continued progress in profit growth and cash generation'
Civica plc ("Civica" or "the Company"), the software and services group focused
on the public sector, today reported on trading for the year to 30 September
2007 prior to entering its close period and ahead of preliminary results to be
announced on 4 December 2007.
Profits for the year will be in line with market expectations, underpinned by
good cash generation from existing operations and despite the inevitable
disruption associated with an aborted bid for the Company. The strategy of
focusing on owned software and associated services has continued to support
further improvement in operating margins during the period.
Good progress was made in international expansion and with investment to develop
capability across the broader UK public sector, including education and social
housing, countering softer demand for UK local government back office system
replacements.
Highlights during the period included more than 80 new contract wins for, among
others, Essex County Council, Stoke-on-Trent City Council and City Building
(Glasgow) in the UK, together with the County and District councils in
Gloucestershire under their shared working agenda, and internationally for
Australia's fifth largest city council, Fairfield, and for the Malaysian
government.
Restructuring costs associated with the VT Software Solutions Limited
acquisition and subsequent integration, along with costs related to the aborted
bid, will result in a one-off charge for the full year of approximately #2.5
million.
The Civica business has now doubled in size since flotation in March 2004. With
increased scale the Company is well placed to respond effectively to changing
market requirements, and management is focused on sustaining this momentum over
the coming period.
For further information, please contact:
Civica plc 020 7760 2800
Simon Downing, Chief Executive / Mike Stoddard, Finance Director
Buchanan Communications 020 7466 5000
Tim Thompson / Nicola Cronk / Susanna Gale
Notes to Editors
About Civica plc
Civica plc (www.civica.co.uk) is a market leader in software-based solutions
that help public sector organisations to improve service delivery to their
communities, with particular expertise in local government, social housing, law
enforcement, education and regulated markets. Blending consulting, software and
managed services, the group supplies more than 1,500 public organisations in the
UK, Australia, Singapore and the USA.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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