Advertisement

Active Risk lowers financial performance expectations for 2012 results

Risk management provider Active Risk has downgraded its financial performance expectations for the past year in light of difficult trading conditions.

Risk management provider Active Risk has downgraded its financial performance expectations for the past year in light of difficult trading conditions.

"The company announces that its financial performance for the year ending March 31st 2013 is now expected to be below current market expectations," an update from the company stated.

Advertisement - Article continues below

"This reflects difficult trading conditions arising from economic uncertainty in the company's core markets and customer deferrals in signing several major contracts."

The company stated that the customer deferrals had been especially apparent in the US governmental and defence sectors as well as in the Australian mining market.

In Europe, the Middle East and Africa, however, the group reported a rosier picture in the second half of the financial year: "EMEA has been more positive and the company's performance in the second half of the financial year is expected to show a significant improvement over the first half, with trading in the third quarter showing a small profit compared to a loss of £742,000 in the first half.

"Smaller software deals are expected to be up year-on-year in line with the strategy to broaden the pipeline and reduce dependency on major deals."

Active Risk's share price was down 16.67% to 13.75p at 10:57 on Monday.

MF

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/investment-strategy/601567/have-small-companies-lost-their-edge
Sponsored

Have small companies lost their edge?

SPONSORED CONTENT – The tectonic plates beneath the modern investing landscape appear to have started moving in new directions
26 Jun 2020