7 November 2016 – trading update
The company now anticipates that revenues and adjusted profit before tax for the full year to 31 December 2016 will be significantly ahead of current market expectations. Adjusted profit before tax for the current year will not be less than €14m. This strong performance has been driven primarily by Synthesis, which has recently been acquired, sustaining higher levels of activity during the second half of the financial year than previously anticipated. There has also been better than anticipated performances in localisation and audio, a sustained increase in demand for art services since the first half of the financial year and a continuation of the trends seen in the first half within the localisation testing, functional testing and customer services activities. Other recent acquisitions are also integrating well and performing in line with expectations. The shares have had a good run since our tip but remain a BUY.