K3 Business Technology Group plc provided financial guidance for the six months to August 2020. The company expects a reduction in new sales of around 90% in the mainland Europe territory. In the UK, the company anticipated software sales to be 70% lower. Global Accounts business, which has a Far East bias, appears to be through the worst given that those countries were impacted earlier, and customers are still moving ahead with projects, and therefore expect a low level of impact. The company expects a 75% reduction in Services revenue for UK ERP projects due to delayed projects and/or fewer on-site implementations, with a corresponding reduction in service delivery staff. Channel and partner software sales are anticipated to be 30% down. We anticipate Maintenance and Support revenue to be resilient but expect some degree of bad debt and delayed payments.