14th Apr 2008 07:00
Monday, 14 April
The Sage Group Trading Update
The Sage Group plc ("Sage"), a leading global supplier of business management software and services, is today providing an update on its trading performance (unaudited) for the half year ended 31 March 2008. Sage confirms that it expects its financial results for the period ended 31 March to be in line with analysts' forecasts.
Full details of Sage's financial performance for the period will be provided in the interim results announcement on Thursday, 8 May 2008.
Enquiries: The Sage Group plcPaul Walker, Chief Executive
Paul Harrison, Finance Director
Cynthia Alers, Investor Relations Director
Tel: +44 (0) 0191 294 3068Tulchan CommunicationsStephen MalthouseLizzie MorganTel: + 44 (0) 20 7353 4200Notes to editors:
The Sage Group plc is a leading global supplier of business management software and services to 5.5 million small to medium-sized enterprises in over 22 countries. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 13,900 people worldwide.
The current average of 11 analysts forecasts for the half year to 31 March 2008 is as follows: Revenues ‚£617m, EBITA ‚£145m, and pre-tax profits (pre-amortisation) ‚£129m.
The current average of 19 analyst forecasts for the full year to 30 September 2008 is as follows: Revenues ‚£1,248m, EBITA ‚£297m, and pre-tax profits (pre-amortisation) ‚£266m.
Exchange rates used for conversion into sterling are at a period average of $2.00 and ¢â€š¬1.35.
www.investors.sage.com
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