9th Jan 2009 07:00
|
For immediate release |
9 January 2009 |
Bond International Software plc
Trading Statement
Bond International Software plc, the specialist provider of software for the international recruitment and human resources industries, with operations in the UK, USA, Australia and Hong Kong issues the following update for the year ended 31 December 2008.
Since the announcement of the interim statement, the group has seen a deterioration in trading conditions in some of the markets in which it operates. As a result, a number of key contracts which the group had expected to sign in 2008 have been deferred.
The group continues to trade profitably and expects to report revenues in excess of £31m for the year and an operating profit of not less than £5.4m.
The board intends to pay an unchanged dividend of 1.6p.
Outlook for 2009
Despite the difficult trading conditions there are number of reasons to remain optimistic about the group's prospects for 2009. The group has a high level of recurring income across all divisions, has good order books and sales prospects and continues to take orders at an encouraging rate. We have already taken steps to reduce operating costs and we will continue to ensure that the group's cost base reflects trading conditions. Bond remains the leader in its sector and the board continues to view the future with confidence.
The group expects to announce its preliminary results for the year ended 31 December 2008 on 30 March 2009.
For further information, please contact:
Bond International Software plc: Tel: 01903 707070
Steve Russell: Group Chief Executive
Bruce Morrison: Finance Director
Buchanan Communications: Tel: 020 7466 5000
Tim Thompson
Chris McMahon
Cenkos Securities plc: Tel: 020 7397 8924
Stephen Keys
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BDI.L