- Interim Directors’ Statement

Crimsonwing plc also issued its Interim Directors’ Statement on 24 July covering the Group’s performance during the three months ended 30 June 2012 which represent the first quarter of the current financial year ending 31 March 2013.

The Directors noted that the Group is making good progress and has secured several new long-term major contracts which will start having a positive benefit from September 2012 onwards.

Crimsonwing announced that during Q1 it registered a 14% increase in like-for-like revenue to €4.32 million and a significant improvement in like-for-like EBITDA to €395,000 compared to €164,000 in the first quarter of the previous financial year.

In conclusion, the Directors noted that the trading outlook for the next quarter remains positive.