For immediate
release
16 February 2009
INTELLEGO HOLDINGS PLC
('Intellego' or 'the Company')
Trading statement
The Directors of Intellego are pleased to report that sales for the
year to date are continuing to show good advance and current
prospects remain sufficient to sustain that pace of expansion.
Further we have recently implemented a restructuring programme that
will reduce fixed overheads by up to 20% per annum which will improve
Intellego's profitability and generate positive cash flow in 2009,
even assuming demand does not increase. The full benefits of this
will flow through from April 2009.
These changes reduce fixed costs whilst other steps have been taken
to increase flexibility of production capacities to ensure the
Company is able to meet peaks in demand.
Angus Forrest, Chairman, commented:
"Over the past three years we concentrated on increasing the scale of
the business, growing both organically and by acquisition; over the
past eight months we have focussed on enhancing the quality of sales
which is demonstrated by increasing margins and repeat revenues;
also, improving the financial performance of the business and this a
further step in that process."
--ENDS--
For further information:
Intellego Holdings plc
Angus Forrest / Ranjit Roy Choudhuri
0845 0583960
Beaumont Cornish Limited
Roland Cornish
020 7628 3396
NOTES TO EDITORS
About Intellego
Intellego is a leading provider of content-driven training and
communication solutions to regulated industries and distributed
workforces. Focus areas include training for the introduction of new
enterprise software applications; regulator compliance and
benchmarking; technical product launches; and industry accreditation
portals. Key markets serviced include Retail, Finance,
Pharmaceutical, Healthcare, Construction, Legal, Oil & Gas and
Transportation.
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.