News blog

EU Supply

  • BY: Andrew Hore |
  • POSTED: 28/04/2019 |

EU Supply reported its maiden profit in 2018.

The e-procurement software provider moved from a loss of £172,000 to a pre-tax profit of £360,000.

Revenues were 10% higher at £5.1m and more than two-thirds of these revenues are recurring. Net debt was just over £500,000 at the end of 2018.

EU Supply has signed its first contract in the oil and gas sector, which will provide additional opportunities. The phasing out of the EU’s ESPD service at the end of April will also provide additional business.

A profit of £500,000 is forecast for 2019 and £1.1m for next year. At 12.25p a share, the shares are trading on ten times prospective 2020 earnings. The expectations of the 2020 growth are partly based on the expected launch of the micro procurement service. 

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 22 July 2019

Continue reading... | 22/07/2019

UniVision Engineering Ltd

CCTV technology supplier UniVision Engineering Ltd has won a HK$2.55m contract from the Hong Kong government following the lifting of the temporary tendering suspension. 

Continue reading... | 22/07/2019

Ultimate Sports Group

Ultimate Sports Group has raised £290,000 at 14.5p a share. 

Continue reading... | 22/07/2019

LiDCO Group

LiDCO Group has received approval in China for its LiDCOrapidhaemodynamic monitor. 

Continue reading... | 22/07/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds