tritace schreef op 7 juni 2018 10:21:
07/06/2018
AGM statement notes continued momentum
Sopheon’s AGM statement highlights trading so far in 2018 which
reflects the continuation of the strong performance seen in 2017 into
the current year. The company also completed an oversubscribed
secondary placing in May which broadened its institutional
shareholder base. Sopheon continues to add new clients and to
improve revenue visibility through growing recurring revenue
streams. The announcement reiterates that the Group will consider
suitable acquisitions to augment its good organic growth. The outlook
statement is, unsurprisingly, positive with the Board both ‘confident’
and ‘enthusiastic’ about the outturn for 2018 and delivery on its
strategy. We have already taken account of the Group’s ‘ambitious’
investment plans in our conservative Adjusted EBITDA estimate of
U$7 million for FY 2018E. Consequently, we leave estimates
unchanged, noting that trading so far in 2018 appears supportive of
our numbers.