Tikit Group plc
("Tikit" or "the Group")
PRE-CLOSE TRADING STATEMENT
Tikit Group plc ("Tikit" or the "Group"), a leading provider of consultancy, services and software solutions to UK, US and European law firms and accountancy practices, today comments on trading for the year ended 31 December 2011, as it enters its close period and ahead of the announcement of its preliminary results in March 2012.
The Board is pleased to report that trading remained strong in the second half of the year and that the results for the year ended 31 December 2011 are in line with market expectations. The improved operating margin announced at the interim stage has been maintained for the full year as Tikit increases revenues derived from its own software. There has been a positive net cash inflow during the year, reflecting the cash generative nature of our operations.
The Group finished the year strongly and has secured a healthy pipeline of implementation work, which, combined with the Group's focus on recurring revenues from its support services and sales of Tikit-developed software, provides the Board with confidence for continued growth in 2012.
A further update will be given to shareholders at the time of release of the preliminary results in March 2012.
For further information:
Tikit Group plc | 020 7400 3737 |
Mike McGoun (Chairman) |
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David Lumsden (Chief Executive) Mike Kent (Finance Director) |
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Tavistock Communications | 020 7920 3150 |
John West |
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Simon Compton |
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Charles Stanley Securities (Nominated Adviser) | 020 7149 6000 |
Mark Taylor |
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Background note:
Established in 1994, Tikit is one of the largest independent suppliers of technology solutions and services to legal and accountancy firms. Tikit's client list totals more than 1,300 firms in the UK, EMEA and North America. These include more than 90 of the UK's top 100 law firms, 300 US law firms, 12 of the European top 20 law firms and 18 of the UK's top 50 accountancy firms.
Tikit combines an unmatched understanding of the technology needs of legal and accountancy firms with a broad portfolio of solutions and services, allowing clients to drive real business value and advantage. These solutions include IT Outsourcing, Financial and Practice Management, Time Capture, Document Management, Document Production, Workflow, Client Relationship Management and Infrastructure Services. Headquartered in London and listed on the London Stock Exchange (AIM:TIK), Tikit is positioned as a successful focused business to serve the IT and service needs of legal and accountancy
