Published on: October 17, 2016

Contract award supports 2017 revenue growth

EU Supply, the e-procurement software provider, has announced a contract award that it expects to generate €450k in revenues, mainly for FY2017. Whilst forecasts are subject to refinement for currency changes, EU Supply continues to anticipate that it will soon reach its target of monthly run rate operating profitability. With this contract award (for non-recurring revenues) and its largely repeating existing business, the Company is building revenues for FY2017. Although currency remains an unfortunate and unpredictable factor, we take material comfort from the contract win and the steady growth in revenues.

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