Contract wins/trading update
10 Março 2006 - 4:01AM
UK Regulatory
RNS Number:5900Z
Touchstone Group PLC
10 March 2006
10 March 2006
Touchstone Group plc ("Touchstone" or "the Group")
Further Contract Wins and Update on Trading
Touchstone, the AIM listed business solutions consultancy is pleased to provide
an update on trading in the lead up to the financial year-end on 31st March
2006.
In addition to recently announced contracts, the Group is pleased to confirm
that, in the last few months, it has also secured a number of new projects which
together are valued at over #1.6m. These projects include a #200k contract to
supply an integrated finance solution to a major shipping insurance organisation
and also a #300k contract for a Microsoft CRM v3.0 project to a leading IFA
service provider.
The Group's continued new business success together with good trading from
recently acquired operations is having a positive impact on overall business
levels. As a result, Group revenues are expected to exceed market expectations
for the year as a whole with year-end order books also expected to be
significantly ahead of last year.
Commenting, Keith Birch, Chief Executive, said, "The Group is growing strongly
and is on course to post top-line growth of over 25% with adjusted earnings
likely to be almost double that of last year.
Importantly, the Group will also start the new financial year with healthy order
books and strong recurring revenues. This will provide improved visibility over
future revenues and greater confidence for on-going progress. We will therefore
enter our 25th year of trading and our 9th year as a quoted company in great
shape"
Contact:
Touchstone Group plc
Keith Birch, Chief Executive
Tel: 020 7121 4700
Teather & Greenwood
Robert Naylor
Tel: 020 7426 9000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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