PROACTIS: Year Ended 31 July 2014 “Transformational Period”

PROACTIS, a global Spend Control and eProcurement solution provider, today announced a trading update for the year ended 31 July 2014.PROACTIS reported an increade in revenues, bolstered by thress acquisitions and new deals in what Rod Jones,CEO described as a "transformational period" for the group. 

Financial highlights: 

  • Trading expected to be in line with market expenctations
-Reported revenues is expected to circa £10.2 million (2013:£8.0 million)
-Adjusted EBITDA is expected to be circa £1.8 million (2013:£1.2 million)
  • Recurring annualised revenue has incread to circa £14.0 million (2014:£5.4 million)
  • Order intake of circa £5.3 million from 38 new deals during the year ended 31 July 2014, including part period (only) for the acquired businesses (the "Acquisitions") (2013: £2.8 million from 35 new deals)
  • Order book at 31 July 2014 circa £14.3 million (2013: £6.2 million)
To read the full trading statement click here
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