Trading Update
First 10 weeks of FY show £273,650 sales revenue plus £170,941 open orders, tracking ahead of prior year half year.
vs expectations: ahead of prior year
- M2G sales revenue (first 10 weeks) £273,650
- Open orders expected in H1 £170,941
- Combined total £444,591
- Prior year H1 sales revenue £334,000
Select text to share a quote on X · sign in to keep highlights & notes in your SNT notes
Sabien (AIM: SNT), a leading provider of energy reduction technologies, today provides an unaudited trading update.
The Company can report that in the first 10 weeks of the new financial year, recognised sales revenue from M2G activities is £273,650 and open orders expected to be invoiced within the first financial half year are £170,941. This total of £444,591 compares to the half year sales revenue in the prior year of £334,000 and demonstrates that the Company is on track for year-on-year growth.
Richard Parris, Executive Chairman of Sabien, said: "I believe this strong start to the new financial year shows our strategy for turn around and growth is bearing fruit. At the 20% point through the year, we have already secured in excess of 50% of the previous full years' sales revenue through a combination of enhanced channel sales and cloud service subscriptions."
| For further information: Sabien Technology Group plc Richard Parris, Executive Chairman | +44 20 7993 3700 investors@sabien.com |
| Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj | +44 203 328 5656 |
| Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams | +44 207 469 0930 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.