Published on: July 19, 2018
Buoyant first half trading
Sopheon’s trading update for the first half of its current financial year says that it expects revenue, EBITDA and profit before tax for the first half of 2018 to be ‘significantly ahead of prior year performance for the corresponding period’. In addition, with positive sales experience so far in the second half, the Board says that it is trading ‘comfortably in line’ with expectations. To us, that continues to reflect Sopheon’s success in adding new clients and improving revenue visibility through growing recurring revenue streams. We note that this unequivocally positive trading update is supportive of our estimates and will look at them in light of the detail of August’s interim results announcement.