2ergo 2008 Trading Update
17 September 2008
2ergo Group plc
(“2ergo” or “the Group”)
TRADING UPDATE
2ergo, the AIM listed provider of convergent mobile communication solutions, is pleased to report that trading for the year to 31 August 2008 is expected to be marginally ahead of market forecasts when it announces its results in November.
The Board is delighted with the progress the Group has made during the year, remaining highly cash generative and seeing gross margins increase ahead of expectation. Coupled with this, the Group has secured several important contract wins and seen its US business continue to make good progress, and is well on track to make profits in the US during the first quarter of the new financial year.
The Board remains confident in its global organic and acquisition growth strategy, supported by the Group’s strong balance sheet and growing cash reserves, and looks forward to the year ahead with confidence.
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