EU Supply, the e-procurement software provider, has announced a contract award that it expects to generate €450k in revenues, mainly for FY2017. Whilst forecasts are subject to refinement for currency changes, EU Supply continues to anticipate that it will soon reach its target of monthly run rate operating profitability. With this contract award (for non-recurring revenues) and its largely repeating existing business, the Company is building revenues for FY2017. Although currency remains an unfortunate and unpredictable factor, we take material comfort from the contract win and the steady growth in revenues.

17 Oct 2016
Contract award supports 2017 revenue growth

Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Contract award supports 2017 revenue growth
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
17 Oct 2016 -
Author:
Gareth Evans -
Pages:
3 -
EU Supply, the e-procurement software provider, has announced a contract award that it expects to generate €450k in revenues, mainly for FY2017. Whilst forecasts are subject to refinement for currency changes, EU Supply continues to anticipate that it will soon reach its target of monthly run rate operating profitability. With this contract award (for non-recurring revenues) and its largely repeating existing business, the Company is building revenues for FY2017. Although currency remains an unfortunate and unpredictable factor, we take material comfort from the contract win and the steady growth in revenues.