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Crimsonwing in major Mothercare contract Crimsonwing plc today announced that it has been awarded a major contract to implement an ecommerce solution for all the Mothercare outlets in 50 countries, with the first seven installations to take place in early 2013 in Australia and New Zealand. The company has also been awarded a €2 million service contract by Dutch company Mastermate which started last month and has also been entrusted by the Rezidor Group (owner of the Radisson hotel brand) to run and enhance its ecommerce procurement systems. In the meantime, the Company is implementing a three-year plan which aims to grow turnover to €20 million and pre-tax profit of €2 million. Market reaction on the Stock Exchange was initially positive as new demand lifted Crimsonwing’s share price 7.7% higher to a new 4-month high of €0.28 but during the last minutes of today’s session, the share price dropped back to the €0.25 level on low volumes. The equity closed the day 3.9% lower. OTHER TRADING The shares of HSBC Bank Malta plc also closed in negative territory today with a 1.1% drop to €2.72 across five trades totalling 9,480 shares. Meanwhile, Bank of Valletta plc’s equity recovered from an intra-day low of €2.25 to end this… timesofmalta.com http://www.allplacedout.com/crimsonwing-in-major-mothercare-contract/

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Crimsonwing in major Mothercare contract