Systems Union Group plc
Systems Union Group plc, the global software vendor, announces key trading highlights ahead of its interim results for the half-year ended 30 June 2003:
•EBITDA, PBT and EPS are ahead of the same period last year and are in line with market expectations although total revenue was 10 per cent lower
•Profit margins have improved as the direct result of continuing cost reductions
•Cash and investments increased by £3 million from the year-end to £28 million
•SunSystems’ product offerings have been strengthened by a new alliance with MAPICS, a leading global supplier of manufacturing systems, and the extension of the existing analytics portfolio for pan-application reporting and analysis
•Product enhancements at Pegasus underpinned a strong performance
•Interim results for 2003 are due to be announced on 26 August 2003
Paul Coleman, chief executive officer of Systems Union Group plc, said:
“The Group remains cash generative and we anticipate improved profits for the half year to be in line with expectations albeit on lower revenues. We continue to pursue our stated acquisition policy as the IT sector consolidates to help us fulfil the growth strategy for Systems Union.”
SunSystems is a leading global financial and business management software solution.The product is used extensively by multinational organizations that require an international product with a global support infrastructure. Boasting a truly global customer base, SunSystems is installed in 18,000 customer sites, with 250,000 customer seats in more than 194 countries. Products within the SunSystems range are available in 30 languages. SunSystems customers include one quarter of the Fortune 500. For more information visit sunsystemsamericas.com.
About Systems Union Inc.
Established in 1981, Systems Union Inc. is part of Systems Union Holdings Ltd. The company has 20 offices worldwide and over 200 channel partners in 76 countries. Systems Union has annualized revenue in excess of $110 million and 650 staff worldwide. For more information, visit www.systemsunion.com.
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