- Interim Directors’ Statement

Apart from the publication of the March 2010 Annual Report, on 26 July Crimsonwing plc also published its Interim Directors’ Statement covering the first quarter of the 2010/11 financial year.

The Directors stated that the Company is seeing increased demand for its solutions and services resulting in a 24% increase in revenues to €3.3 million for the first quarter of the year to 30 June 2010 compared to the same period last year. Moreover EBITDA improved by 66% to €325,000 (June 2009: €196,000). The Directors also indicated that the trading outlook for the second quarter to 30 September 2010 looks strong.

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