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eg solutions plc release year end results

Financial Summary:

Figures in &pound000s

Unaudited year ended 31st January

2014

2013

Revenue

4,456

4,951

Gross margin (%)

45.8

49.7

Loss before tax*

(1,479)

(458)

Adjusted EBITDA*

(502)

410

Loss per share (pence)* - basic

- diluted

(8.9) (8.9)

(2.4) (2.4)

R&D investment

795

740

Net debt at 31 January

312

300

Operational cash (outflow)/inflow

(541)

730

* after exceptional remuneration costs of &pound343,000 (2012/13: nil). Key highlights:

Four significant customer wins including first major win in the UK utility sector and the first Aspect contract win

&pound1 million cash invested to set up Aspect’s American and Asian distribution capability and strengthen eg’s own direct EMEA sales and worldwide delivery teams

&pound0.8 million invested in R&D to support enterprise wide and international sales

Strategic partnership secured with Aspect and additional implementation and

technology partnerships secured since year end with Intradiem and Curium

Duncan McIntyre to be appointed as Non-Executive Chairman

 

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