Trading Update
January 28 2008 - 2:02AM
UK Regulatory
RNS Number:6364M
Maxima Holdings PLC
28 January 2008
28 January 2008
Maxima Holdings plc
("Maxima" or the "Company")
Interim Results / Trading Update
Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managed
services company, today confirms that it will publish Interim Results for the
first half year ending 30 November 2007 on Tuesday 5 February 2008.
Trading in the first half year was solid and results are expected to be well
ahead of the first half of the prior year, in terms of revenues, profits and
earnings per share. Towards the end of the period, however, several major work
packages with a large client were terminated prematurely as a result of a vendor
consolidation exercise. This resulted in the work transferring to a tier 1
Global IT Services player. Various actions were taken to mitigate this loss of
business and which were expected to minimise the impact on Maxima's full year
result. Certain business, however, expected to be won during the second half
year as a result of these actions, and in some other areas of the business, is
experiencing client delays, not helped by broader current market uncertainties.
As a consequence, Maxima now expects results for the full year to be below
market expectations, although still showing growth in revenues, profits and
earnings per share.
For further information, please contact:
Maxima
Kelvin Harrison, Chief Executive 01242 211211
Linda Andrews, Group Finance Director 0141 880 1000
Smithfield 020 7360 4900
Tania Wild / Reg Hoare
This information is provided by RNS
The company news service from the London Stock Exchange
END
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