For immediate release
13 January 2005
STATPRO GROUP PLC
(“StatPro”, the “Group” or the “GrCompanyoup”)
Year End Trading Update
StatPro Group plc, the AIM listed provider of portfolio analytics solutions for the global asset management industry, today provides a trading update for its financial year ended 31 December 2004.
The Board is pleased to confirm that the Group’s performance has been in line with its expectations.
As anticipated at the time of the Group’s interim results in August, there has been an increase in sales activity, which has led to a higher level of new licences being signed in the second half of 2004.
Whilst the Group has made sales of all its products, we have been encouraged by recent sales of the risk system as new regulations have driven the markets in Europe. As a result, the annualised recurring revenues of StatPro Risk Management contracts have grown satisfactorily during 2004, the first full year following the acquisition of the product.
Overall, StatPro continued to grow its turnover in 2004, generating an operating profit and cash inflow for the year, and resulting in a net cash position at 31 December 2004.
StatPro intends to announce its preliminary results for the year ended 31 December 2004 on Monday 28 February 2005.
Justin Wheatley, Chief Executive, commenting on the trading update, said: ‘StatPro performed well in 2004 and we look forward to making further progress in 2005 on the back of an improving pipeline for our new risk system and other products.’
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
Corporate Synergy Plc
|Justin Lewis||020 7448 4400|
|Reg Hoare/SaraMusgrave||020 7360 4900|