REG-Intec Telecom Systems Plc: Trading Update
Released: 12/10/2009
Trading Update
12 October 2009
Intec Telecom Systems PLC
Trading update
Intec Telecom Systems PLC, a global provider of business support
systems solutions, is pleased to report a positive trading update in
advance of its results for the year ended 30 September 2009.
Sales in the second half of the year have been in line with our
expectations with all regions performing well in a difficult global
economy. With the majority of revenues billed in either Euros or US
dollars, the significant weakness of Sterling continues to benefit
both revenues and profits.
In constant currency, gross margin has improved year on year which,
together with the maintenance of operating expenses at a lower
percentage of revenues when compared to FY08, is expected to result
in adjusted pre-tax profits* exceeding current market expectations.
Cash generation has been especially strong and net cash was in excess
of £70 million as at 30 September 2009.
Preliminary results for the twelve months to 30 September 2009 will
be announced on 24 November 2009.
*pre-exceptionals and the amortisation of acquired intangibles.
For further information, please contact:
Intec Telecom Systems PLC www.intecbilling.com
Andrew Taylor, Chief Executive Officer +44 (0) 1483 745800
Robin Taylor, Finance Director
Financial Dynamics +44 (0) 20 7831 3113
Giles Sanderson / Juliet Clarke / Haya Herbert-Burns
About Intec
Intec supplies solutions to over 60 of the world's top 100 telecoms
carriers, and is one of the world's fastest growing suppliers of
Business Support Systems (BSS) solutions.
Intec's 400 plus customers include AT&T, Antel, Cable & Wireless, The
Carphone Warehouse (UK), China Unicom, Deutsche Telekom, Eircom
(Ireland), France Telecom, Hutchison 3G, O2, Orange, T-Mobile,
Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon. Intec works
closely with its customers, many of whom have been with Intec since
its inception, to add real value and ROI to their business by
providing the highest standards of performance, flexibility and
robustness to help communications service providers service their
customers effectively and profitably.
* Retail billing and customer management
* Multi-service mediation and activation
* Inter-carrier billing settlements including US CABS and
ITU-based settlement
* End-to-end content partner management
* Optimised wholesale routing and trading
* Real-time pre/post-paid mediation and charging
* Pre-integrated solutions for wholesale, wireless and core
IMS charging functions
*
Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L)
and has over 1,600 staff and 31 offices in 24 countries. For more
information, visit the Intec website at www.intecbilling.com.
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