Sage Group Sees FY In Line With Market Views

28th Jul 2010 07:21

LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a global supplier of business management software and related products and services, said Wednesday that it was trading in-line with expectations, and have seen improving organic growth trends in the third quarter, adding that it expects full year results to be in line with market expectations. MAIN FACTS: -The Group`s cash generation remains strong and net debt fell to GBP280 million at June 30, from GBP305 million at March 31. -The Group has a robust balance sheet, with GBP200 million of its debt raised in the private placement market with maturities ranging from 2015 to 2017. -Shares closed Tuesday at 26.50 pence, valuing the company at GBP3.27 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 28, 2010 02:21 ET (06:21 GMT)