PROACTIS News

PROACTIS Announces Substantial Growth in Trading Update for Year Ended 31 July 2015

PROACTIS, a global Spend Control and eProcurement solution provider, today announced a positive update to the market on trading for the year ended 31 July 2015.  
The Group confirms that results are expected to be in line with expectations, with revenues increasing by c.69% to approximately £17.2m (2014: £10.2m) and adjusted* EBITDA increasing by c.130% to approximately £4.6m (2014: £2.0m). The Group signed 39 new name deals during the year (2014: 38) and, as with the prior six months, initial contract values, upgrade business, order book and pipeline for further new deals remain very encouraging.
 
To read the full trading statement click here.
 
The Group intends to release its preliminary results on 13 October 2015.
 
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