Published on: August 28, 2015
Equity and debt funding
EU Supply has announced an equity fundraising of £0.4m and the issue of £0.9m in loan notes (with potential for another £1.1m). The funds will help the business continue its growth plans, with a focus on Business Alerts and Tender Lite as well as on specific sub-sectors and additional geographies. We will revisit forecasts in due course to incorporate this news, and consider the impact of recent sterling appreciation (given the high levels of both revenues and costs denominated in euro and other currencies). We note that the company intends to issue H1 results on 9 September.