Edition:
United Kingdom

Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

632.20GBp
3:39pm BST
Change (% chg)

2.20 (+0.35%)
Prev Close
630.00
Open
631.40
Day's High
632.60
Day's Low
629.40
Volume
1,091,238
Avg. Vol
3,539,669
52-wk High
825.20
52-wk Low
536.20

Latest Key Developments (Source: Significant Developments)

Sage Group Trims FY18 Revenue Guidance
Friday, 13 Apr 2018 

April 13 (Reuters) - Sage Group PLC ::H1 18 ORGANIC REVENUE GROWTH RESULTS WERE BELOW MANAGEMENT'S EXPECTATIONS.FY18 GUIDANCE REVISED FROM AROUND 8% ORGANIC REVENUE GROWTH TO AROUND 7% ORGANIC REVENUE GROWTH.GROUP ORGANIC REVENUE INCREASED BY 6.3% (H1 17: 7.4%) FOR FIRST SIX MONTHS OF YEAR..H1 ORGANIC RECURRING REVENUE GROWTH OF 6.4% (H1 17: 11.1%).TERM GUIDANCE REMAINS ORGANIC REVENUE GROWTH WILL REACH 10% ON A SUSTAINABLE BASIS.  Full Article

Sage posts 6 pct Q1 revenue growth, in line with expectations
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Sage Group Plc ::‍GROUP ORGANIC REVENUE 1 INCREASED BY 6.3% FOR FIRST THREE MONTHS OF YEAR.​.‍ORGANIC RECURRING REVENUE GREW BY 7%, UNDERPINNED BY SOFTWARE SUBSCRIPTION GROWTH OF 26%​.‍Q1 RESULTS ARE IN LINE WITH OUR EXPECTATIONS​.‍WE EXPECT ACCELERATION THROUGHOUT YEAR INCLUDING A STRONGER Q2 AND WE REITERATE OUR FULL YEAR GUIDANCE OF AROUND 8% ORGANIC REVENUE GROWTH AND AROUND 27.5% ORGANIC OPERATING MARGIN FOR FY18​.  Full Article

Sage Group sells U.S. payments unit for $260 mln
Friday, 2 Jun 2017 

June 2 (Reuters) - Sage Group Plc ::Disposal of North American payments business.Announces sale of its North American payments business to GTCR LLC.Says enterprise valuation for transaction is $260 mln of which $240 mln is payable as cash on completion and remaining $20 mln as deferred consideration.Transaction is subject to certain completion conditions and is expected to complete in next 3 months.Proceeds will be used to reduce net debt and invested in growth.  Full Article

Sage Group sees no material impact from Brexit on underlying performance
Tuesday, 26 Jul 2016 

Sage Group Plc : Group organic revenue increased by 6.0% in q3 . Weakening of sterling at end of q3 will generate a slight fx tailwind for FY16 if current exchange rates were to prevail for rest of year . Organic recurring revenue grew by 10.1% for year to date . Remains confident of meeting fy16 full year guidance: delivering at least 6% organic revenue growth and 27% organic operating margin. .Do not expect there to be a material impact from EU referendum on underlying operating performance of business.  Full Article

Photo

FTSE dips after Syria strike; WPP falls on Sorrel exit

LONDON UK shares eased on Monday morning, with two corporate events taking centre stage: CEO Martin Sorrell's exit from advertising company WPP and U.S. hedge fund Elliott Management raising its stake in hotel and coffee-shop operator Whitbread.