News blog

EU Supply

• BY: Andrew Hore |
• POSTED: 04/02/2014 |

e-commerce systems developer EU Supply says that recent ratification of new EU Directives by the European Parliament will provide further growth in electronic tendering. 

Revenues are expected to be £1.8m and the loss will be around £2.6m before flotation costs of £600,000 taken through the income statement. EU Supply has been recruiting additional IT sales personnel. This should show through in revenues in the second half of 2014.

London-based EU Supply (www.eu-supply.com) is the holding company for a Swedish e-commerce business involved in procurement through its own platform that provides SaaS-based sourcing tendering and contract management services for the European public sector. The Doffin platform, for the Norwegian national publication portal, was launched on 1 January 2014.

At 27.5p a share, up 0.88p, EU Supply is valued at £15.9m. EU Supply joined Aim on 13 November when it raised £5m at 22.6p a share. That valued the company at £13m.

The 2013 figures will be published in late April.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFJanuary2014_52.pdf