The Sage Group plc Interim Management Statement
The Sage Group plc (“Sage”) is today issuing its interim management statement which covers the
period from 1 October 2013 to date.
Trading across all regions remains in-line with expectations.
In Europe, UK & Ireland delivered a good performance, with legislative change remaining one of the
drivers of growth. In mainland Europe, the improved performance in the second half of 2013 was
maintained in the first quarter of 2014. This represents a resilient performance given market
conditions in France and Spain continue to make the execution of larger IT projects in the mid-market
more difficult in those countries.
The Americas maintained the strong performance reported in 2013. In North America, the migration
of customers to premium support and the traction achieved by Sage ERP X3 remained key features.
AAMEA delivered another good performance, with our businesses in South Africa and broader African
markets performing well.
The Group’s operating cash generation remains strong. Since the year-end, a further 5.7m shares
have been repurchased for a consideration of £19.1m. Net debt at 31 December 2013 was £381.8m
(£384.3m as at 30 September 2013).
On 1 January 2014, Drummond Hall joined the Board as a Non-executive Director. On 3 January
2014, Steve Hare joined the Board as Chief Financial Officer.
Guy Berruyer, Chief Executive, commented:
“Our performance in the first quarter is in-line with our expectations, with good growth maintained
across all regions. Through continued focus on our strategic cornerstones, we remain on course to
deliver on our 6% organic revenue growth target in 2015, and anticipate making further progress
during the year ahead.”
The Sage Group plc +44 (0) 191 294 3068
Guy Berruyer, Chief Executive
Darren Fisher, Acting Chief Financial Officer
Murdo Montgomery, Investor Relations
Tulchan Communications +44 (0) 20 7353 4200
About The Sage Group plc
The Sage Group plc is a leading global provider of business
management software to small and medium sized companies, creating
greater freedom for them to succeed. Sage understands how and why
each business is unique. We provide products and services that suit
varying needs, are a pleasure to use and are secure and efficient.
Formed in 1981, Sage was floated on the London Stock Exchange in
1989 and entered the FTSE 100 in 1999. Sage has over 6 million
customers and more than 13,380 employees in 24 countries covering
the UK & Ireland, mainland Europe, North America, South Africa,
Australia, Asia and Brazil. For further information please visit