Elecosoft PLC Trading Update (3264O)
17 May 2018 - 4:00PM
UK Regulatory
TIDMELCO
RNS Number : 3264O
Elecosoft PLC
17 May 2018
17 May 2018
Elecosoft plc
("Elecosoft", the "Company")
Trading Update for the four months to 30 April 2018
2018 has started well and Elecosoft's revenue for the four
months ended 30 April 2018, based on unaudited management accounts,
has increased by 7 per cent, compared with revenue for the same
period last year at both actual and constant rates of exchange.
Profit Before Tax for the four months ended 30 April 2018, based
on unaudited management accounts, was significantly higher than
Profit before Tax for the same period last year and comfortably in
line with market expectations, reflecting the benefit from higher
revenue and continuing cost management.
John Ketteley, Executive Chairman said: "Elecosoft has continued
to perform well reflecting both the strength and international
spread of our core businesses. I am pleased to say that Elecosoft
also continues to be strongly cash generative, and as at 30 April
2018 we had net cash of GBP2.4m, compared with net cash of GBP1.0m
at 31 December 2017."
**Ends**
For further information, please contact:
Elecosoft plc Tel: +44 (0)20 7422 8000
JHB Ketteley, Executive Chairman
Jonathan Hunter, Chief Operating Officer
Simon Morgan, Finance Director
finnCap Ltd Tel: +44 (0)20 7220 0500
Adrian Hargrave / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications Tel: +44 (0)20 3757 6880
Elisabeth Cowell / Fiona Norman
About Elecosoft plc
Elecosoft is a specialist international provider of software and
related services to the Architectural, Engineering, Construction
and Owner-Operator industries and digital marketing industries from
centres of excellence in the UK, Sweden, Germany and the US.
Elecosoft's market leading software solutions are developed by
teams in the United Kingdom, Sweden and Germany; and its software
solutions cover project management, construction site management,
estimating, timber engineering, 3D design and visualisation, and
cloud based digital marketing solutions. Elecosoft is listed on the
Alternative Investment Market in London (AIM: ELCO).
This information is provided by RNS
The company news service from the London Stock Exchange
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