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Trading Statement

7th Jan 2015 11:28

RNS Number : 5289B
Stilo International PLC
07 January 2015
 



Stilo International plc

 

Trading Update

 

Stilo International plc ("Stilo" or the "Company"), the AIM quoted provider of XML content processing technology and cloud content conversion services, announces that sales for the financial year ended 31 December 2014 have been materially impacted by the shelving of a significant project by a major European customer. While the Company has traded profitably in the year ended 31 December 2014, revenues and EBITDA will be below current market expectations. The cash position at 31 December 2014 remains steady at approximately £1,090,000 (2014: £1,085,000).

 

The Company continues to trade satisfactorily, with recent customers including SAP, Intel, Atmel, IBM and Vestas. Good progress is being made with the development of AuthorBridge, a new web-based XML authoring solution being piloted with a major customer in early 2015.

 

Further details will be provided when the Company announces its preliminary results for the year ended 31 December 2014 which are expected to be released on 12 March 2015.

 

7 January 2015

 

 

 

Enquiries:

 

Stilo International plc 01793 441444

Les Burnham, Chief Executive

Richard Alsept, Chief Financial Officer

 

Charles Stanley Securities 020 7149 6000

Nominated Adviser

Russell Cook / Carl Holmes

This information is provided by RNS
The company news service from the London Stock Exchange
 
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