Substantial activity amongst major enterprise customers gave AIM-listed firm boost
Companies: Sopheon plc
International software provider Sopheon Plc says it expects FY pre-tax profits to be significantly ahead of expectations, after another strong half of trading and "substantial" activity with major enterprise customers.
The Company confirmed that trading for the period to 31 December was still in line with expectations but said it now expected EBITDA to be ahead and PBT to be "significantly" ahead of consensus, even before the positive impact of forex effects is taken into account.
Since its August update, the AIM-listed firm has continued to enjoy positive momentum, with large numbers of license orders and substantial activity amongst its major enterprise customers. It also enhanced its bottom-line with cost savings throughout the year:
"In addition to the effect of the stronger sales performance, the profitability of the business was further enhanced by cost efficiencies over the course of the year, and to a lesser extent by foreign exchange gains linked to the sharp fall in Sterling."
Sopheon shares are up more than 400% in the past year, and the firm currently trades on a forward P/E rating of 12.07x.