Crimsonwing plc – Trading Update

Crimsonwing plc announced that provisional figures for the financial year ending March 2013 show a healthy increase in revenues to just under €18m – a 15 percentage point increase over last year (2012 – €15.5m).

As previously indicated in the Company’s interim statement of February 2013, the second half-year performance will be broadly similar to the first half-year.

Full-year results will be published following the audit, by July 2013.

During the closing stages of the financial year, the Company contracted significant new work on both its Microsoft Dynamics and Ecommerce solutions. As a result there is a planned net increase of 40 experienced consultants being recruited for our Malta Solution Centre in the new financial year taking our headcount in Malta above 200 for the first time.

The company expects the revenue achievement in the new financial year to exceed €20m, and with an increase in overall margin given that our infrastructure and facilities can accommodate the higher numbers of professional services staff.

To view the official company announcement, click here.