eServGlobal provided earnings guidance for the financial year ending October 31, 2015. The Board expects that there will be delays in closing certain high margin orders ahead of the year end. As a result, the Board anticipates that full year revenues will be in the range of €17.5 million- €18.5 million. EBITDA for the full year is now expected to be a loss in the range of €5 million - €6 million.

The company is targeting revenues of €20 million- €22 million in fiscal year 2016 and expect to be EBITDA positive for the year (our reduced cost base and improved sale process is expected to support a breakeven point of €19 million- €20 million in revenues).