EU Supply has won a contract worth €0.45m to provide enhancements to the Irish government’s national eProcurement platform. This helps to underpin our forecast revenue uplift in FY2017. As flagged at the interims, sterling weakness has had a negative impact in FY2016, this has been exacerbated over the last month impacting adj. LBT. As management still expects to be profitable on a monthly basis in Q4 FY2016 and EU Supply is on track to accelerate sales growth next year we maintain
14 Oct 2016
Contract win good, sterling weakness bad
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Contract win good, sterling weakness bad
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
14 Oct 2016 -
Author:
Robert Sanders -
Pages:
2
EU Supply has won a contract worth €0.45m to provide enhancements to the Irish government’s national eProcurement platform. This helps to underpin our forecast revenue uplift in FY2017. As flagged at the interims, sterling weakness has had a negative impact in FY2016, this has been exacerbated over the last month impacting adj. LBT. As management still expects to be profitable on a monthly basis in Q4 FY2016 and EU Supply is on track to accelerate sales growth next year we maintain