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Published on: April 25, 2017

Building on run-rate profitability

EU Supply, the e-procurement software provider, has reported results for FY2016 in line with its previous trading updates (and our forecasts). Having achieved its target of run-rate operating profitability in Q4 FY2016, EU Supply is focussing on revenue opportunities, in particular from EU directives requiring use of e-tendering by public bodies from November 2018. With a strong order book and pipeline, we maintain our FY2017 forecast net outturn and introduce forecasts for FY2018 reflecting continuing revenue growth and beginning to demonstrate the benefits of operational gearing.

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