TIDMNETD

RNS Number : 0579F

NetDimensions (Holdings) Limited

25 July 2016

NetDimensions (Holdings) Limited

("NetDimensions" or the "Company" or the "Group")

First Half Trading Update

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the six months ended June 30, 2016 ("the period").

Revenue for the period was broadly unchanged from the prior period and the adjusted EBITDA loss for the period was below US$1M, substantially improved on the loss in the prior period (2015 H1: US$1.8m loss) due to better management of expenses, which will also benefit the full-year EBITDA result.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "First-half sales were somewhat lower than expected with delays in deal roll-outs affecting revenue growth and this looks likely to continue into the second half of the year. The Company will continue to maintain a tight focus on cost control and we would expect this to contribute to an improvement in full-year profitability."

Enquiries:

 
 NetDimensions (Holdings)        Tel: +852 2122 4500 
  Limited 
 Jay Shaw 
  Matthew Chaloner 
 
 Panmure Gordon (UK) Limited     Tel: +44 20 7886 2500 
  (Nomad & Broker) 
 Fred Walsh 
 Peter Steel 
 
 Walbrook PR Ltd (Financial      Tel: +44 20 7933 8780 
  Public Relations) 
 Paul Cornelius                  Or netdimensions@walbrookpr.com 
 Sam Allen 
 Helen Cresswell

About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions.

NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration and manage compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated technology suppliers, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group and Fresenius Medical Care. NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified.

For more information, visit www.NetDimensions.com or follow @netdimensions on Twitter.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 25, 2016 02:00 ET (06:00 GMT)

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