The Sage Group plc ("Sage") is hosting an event for
analysts and investors today, at which management will give
an update on its strategy and the financial objectives
which it expects to deliver as a result of this strategy.
During the event, management will set out two financial
targets:
-
a target of at least doubling the historic organic
revenue growth rate within the next three years to at
least 6%; and
-
a target to increase EBITA margin by 1 to 2 percentage
points over the same period.
The framework for achieving this growth will form the basis
of the presentations on the day. Management will focus on:
-
how Sage's strengths and customer base provide a
significant opportunity to grow;
-
the cornerstones of its growth strategy: focusing the
business, capturing the technology opportunity and
activating the customer relationship, including the move
to subscription; and
-
how changing the way Sage works in a more global way is a
key enabler of growth
Sage announced its Q3 Interim Management Statement on 16
July 2012 and no further information on current trading
will be disclosed at the event.
About The Sage Group plc
The Sage Group plc is the leading global supplier of
business management solutions to small and medium-sized
enterprises. Formed in 1981, Sage was floated on the London
Stock Exchange in 1989. Sage has over 6 million customers
and more than 12,300 employees worldwide. We operate in
over 23 countries covering the UK, mainland Europe, North
America, South Africa, Australia, India and China.www.sage.com
Enquiries:
The Sage Group plc +44 (0)191 294 3068
Guy Berruyer, Chief Executive
Paul Harrison, Group Financial Officer
Murdo Montgomery, Investor Relations
Tulchan Communications +44 (0)20 7353 4200
David Shriver
Lucy Legh
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