Sage to outline growth plans

Following its brief update yesterday (see Sage steady amid ‘toughening’ conditions), Sage has whet the appetite for attendees of its investor day today, with the news that they will learn of its new three-year growth strategy. Sage said it will set out how it intends to at least double the company’s historic organic revenue growth rate within the next three years to at least 6%, and increase its EBITDA margin by 1-2 percentage points over the same period. In FY11 Sage’s EBITDA margin was 27%, one ppt up on FY10, and organic growth was 4%. So we don't expect anything earth shattering.

Angela Eager is on her way up to Newcastle now, and will provide more insight on Sage’s plans later.