25 January 2010

Kewill plc

Interim Management Statement

Kewill plc ("Kewill"), the provider of software and solutions that simplify global trade and logistics, today issues an update on trading since 30 September 2009. 

Kewill sales, global project deliveries and trading have continued in line with the Board's expectations as at the interim results. Recurring revenue remains a significant part of the Group's underlying performance. Despite the continued challenging macro-economic conditions, sales cycles are stable and recent customer wins demonstrate that existing and potential customers continue to see a clear return on investment from Kewill products. The company's cash generation has been good and its cash position remains strong

As previously announced, the £7.2 million (net) fundraising, completed in November 2009, will enable Kewill to consider acquisitions to take advantage of growing legislative complexities associated with international trade, respond to competitive moves in the marketplace; and therefore be well placed to be ready to support companies as the global macro-economic environment improves. The Board's focus is on complementary acquisition opportunities in its core areas of compliance, logistics and reverse logistics.

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About Kewill plc

Kewill delivers solutions that simplify global trade and logistics. 

Global businesses face ever increasing complexity across their supply chains including decisions on sourcing, customs, compliance, transportation, storage, finance, visibility and connectivity.  Inefficiency in any of these areas will lead to supply chain delays and result in increased costs.  Kewill has a suite of software solutions that significantly simplify the management of the most complex global supply chains for enterprises and logistics service providers. 

With over 37 years experience in global trade management and logistics, and over 600 employees worldwide, Kewill is a long-time innovator of solutions for manufacturers, distributors, retailers, freight forwarders, transport companies, customs brokers, 3PL's and 4PL's, as well as other related institutions involved in financing and underwriting global trade such as banks and insurance providers.

Kewill's solutions are in daily use by more than 40,000 users worldwide and our global customer base which entrusts us with the management of their supply networks includes divisions of 3M, Bayer, Caterpillar, DHL, FedEx, Ford, General Electric, General Motors, H.J. Heinz, Kimberley-Clark, Kraft, Levi Strauss, Mazda, Nestlé, Nike, Palm, Procter & Gamble, Smith & Nephew, Sony, TNT, Unilever, UPS, Vodafone, Yamaha, Xerox.

www.kewill.com 

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