In today’s interim results, EU Supply, the e-procurement software provider, has reported H1 FY2016 trading broadly in line with its expectations. Although results continue to be sensitive to Sterling currency changes, with the anticipated H2 FY2016 benefit of its cost savings, order pipeline and continuing growth in its Business Alert services, EU Supply believes that it is on track to meet its plan for monthly run rate profitability by the end of this calendar year.

07 Sep 2016
Tracking towards breakeven

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Tracking towards breakeven
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
07 Sep 2016 -
Author:
Gareth Evans -
Pages:
4 -
In today’s interim results, EU Supply, the e-procurement software provider, has reported H1 FY2016 trading broadly in line with its expectations. Although results continue to be sensitive to Sterling currency changes, with the anticipated H2 FY2016 benefit of its cost savings, order pipeline and continuing growth in its Business Alert services, EU Supply believes that it is on track to meet its plan for monthly run rate profitability by the end of this calendar year.