ServicePower Technologies plc
("ServicePower" or the "Company")
Trading Update and Notice of Results
ServicePower (AIM: SVR), a market leader in field service management, is pleased to provide an update on trading for the year ended 31 December 2013.
As a result of securing several new contracts and client renewals during the year, ServicePower has experienced strong revenue growth of more than 25% year-on-year to approximately £14.0 million (2012: £11.1 million). The Company expects to achieve gross profit of £6.6m, EBITDA of £0.1 million including exceptional expenses in excess of £0.8 million, and a breakeven net income result including a foreign exchange gain of £0.3 million.