19th July, 2010
Kewill plc (Ticker: KWL) ("Kewill" or the "Group"), the provider of software and solutions that simplify global trade and logistics, today provides an update on trading since the year ended 31 March 2010.
The overall trading performance since the year end has been in line with the Board's expectations. The sales pipeline remains solid while the longer sales cycles continue in line with the difficult economic environment, as previously noted.
During the period, Kewill has continued to secure new customer contracts and successfully cross sell products between the regions. In addition, Kewill enhanced its European customs solution with the acquisition of Minihouse in the Netherlands, announced on 16 June 2010, offering Software as a Service ("SaaS") to automate customs declarations.
Customer contracts secured in the first three months of the year included:
Following the acquisition of Minihouse, Kewill continues to look for further strategic acquisition opportunities to expand geographic coverage and to complement existing solutions for global trade and logistics.
Consistent with prior announcements, the Board confirms that discussions continue regarding a potential offer to acquire Kewill. The Company will announce further updates as appropriate. Shareholders should be aware that there is no certainty that an offer will be made.
For additional information, please contact:
Kewill plc
Paul Nichols, Chief Executive Officer
Karen Bach, Chief Financial Officer
Tel: 01483 406080
Financial Dynamics
Edward Bridges, James Macey White, Nicola Biles
Tel: 020 7831 3113