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Published on: April 26, 2017

Execution Engine

Interim results confirmed PROACTIS is executing strongly. In a period during which it consummated its largest ever deal (Millstream), it alsoadded a record number of new customers, drove an acceleration in organic growth and delivered profits ahead of our expectations. The outlook statement remains upbeat with the APF (Accelerated Payment Facility) initiative progressing well. Our FY17E and FY18E forecasts remain materially unchanged for the time being but further strong execution should give scope to lift numbers later in the year.

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