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Published on: January 26, 2017

First quarterly profit

In an update today, EU Supply, the e-procurement software provider, has announced that it expects to have been profitable before tax in the final quarter of calendar FY2016, more than meeting its target of achieving run-rate operating profitability (before interest) by the end of the year. Full year FY2016 trading was slightly ahead of our forecasts, giving more confidence for 2017 estimates, which we leave unchanged – these were updated following EU Supply’s announcement last week regarding contract wins and 2017 outlook.

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