Ten Lifestyle Group plc provided earnings guidance for the year ending August 31, 2018 and for the year 2019. The Board now expects net revenues for the financial years ending 31 August 2018 and 2019 to be approximately £6 million and £10 million below previous expectations, respectively, for the following reasons:The length of time between a contract tender, win and commencement of net revenue earning activity has been longer than anticipated and in some instances the volume of activity on new wins has taken longer than expected to achieve anticipated levels. This is expected to result in the deferral of net revenues in 2018 and in some instances into 2019; Whilst there can be no certainty of this, two new Large contracts and four new Medium contracts that were expected in fiscal year 2018 are now expected in fiscal year 2019; One existing contract in the Americas has not grown as anticipated and, whilst that growth is still expected, which would result in it becoming a Large contract, the timing at present is not certain; and, a significant global tender that Ten anticipated winning in second half of 2018 is now unlikely to be won by Ten. This will have a material impact on 2019 expectations for net revenue and earnings before interest, tax and amortisation. It is currently anticipated that the company's EBITA losses in fiscal year 2018 will be materially less than previous expectations, notwithstanding the anticipated lower net revenues described above. In addition to the reduction in net revenues for fiscal year 2019, some of the investment into new verticals that was not deployed in fiscal year 2018 will now be made in fiscal year 2019. Accordingly, profitability in fiscal year 2019 will be lower than previous expectations. For the half year ended February 28, 2018, the company expects to show net revenues modestly increased from the prior period last year.