MS INTERNATIONAL PLC — Management Reports 2013

Feb 21, 2013

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RNS Number : 3465Y

Micro Focus International plc

21 February 2013

RNS

21 February 2013

Micro Focus International plc

Interim Management Statement for the period from 31 October 2012

Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L) provides its Interim Management Statement for the period from 31 October 2012 to the date of this statement.  Interim Results for the six months ended 31 October 2012 were announced on 6 December 2012.

Trading update

Trading in the three months to 31 January 2013 was in line with management expectations at the time of the Interim Results.  There was an adverse movement in currency rates in the period compared to the same period last year such that the year to date currency impact is broadly neutral as compared to a $3.6m currency gain last year.

Net Debt Position

Following the Return of Value to shareholders of 50 pence per share totalling US$130m together with the Interim Dividend of 7.4 pence per share at a cost of US$18m, the Group's net debt position at 31 January 2013 was US$193.9m (31 October 2012: US$96.2m) demonstrating further good operational cash generation during the period.

Outlook

Management's expectations for the year ending 30 April 2013 are that on a constant currency basis revenues will be as guided at the Interim Results and that Adjusted EBITDA will be in line with current market expectations.

Enquiries:

Micro Focus	Tel: +44 (0) 1635 32646
Kevin Loosemore, Executive Chairman
Mike Phillips, Chief Financial Officer
Tim Brill, IR Director
Powerscourt	Tel: +44 (0) 20 7250 1446
Giles Sanderson
Nick Dibden
Sophie Moate

About Micro Focus

Micro Focus, a member of the FTSE 250, provides innovative software that helps companies to improve dramatically the business value of their enterprise applications.  Micro Focus Enterprise Application Modernization, Testing and Management software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.com 

This information is provided by RNS

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