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Eleco PLC Ord 1P (ELCO)

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14-Apr-2021 02:13 PM

Eleco appoints chief product officer

AIM-listed construction software specialist, Eleco has announced the appointment of Fredrik Pantze as chief product officer on the group's leadership team. Jonathan Hunter, Eleco's CEO, said: 'Fredrik will be responsible for ensuring a foc
29-Mar-2021 08:09 AM

Eleco profit rises 12% as cost cuts offset flat revenue growth

Software provider Eleco reported a rise in annual profit as cost cuts offset flat revenue growth. For the year ended 31 December 2020, pre-tax profit was up 12% to £3.9 million as revenues were flat at £25.2 million from £25.4 million
19-Jan-2021 09:30 AM

Eleco sees annual profit growth of at least 10%

Construction software specialist Eleco said it expected annual results to show pre-tax profit growth of at least 10%. The company said it expected to report revenues similar to 2019, which stood in excess of £25 million, whilst pre-tax profit was e
04-Jun-2020 10:07 AM

Elecosoft sees profit up by quarter in first four months of year

Software development company Elecosoft said it expected that profit rose by a quarter in the first four months of the year even as revenue slipped owing to the impact from the Covid-19 pandemic. For the four-month period ended 30 April 2020, pre-tax pro
11-May-2020 09:17 AM

Elecosoft profit up 45%, but forgoes final dividend recommendation amid Covid-19 uncertainty

Construction software specialist Elecosoft said it would not pay a final annual dividend as it looked to conserve cash amid Covid-19 uncertainty even as the company reported a jump in profit on higher revenue. 'Elecosoft's strong trading per
07-Apr-2020 02:17 PM

Elecosoft rules out 2019 final dividend; braces for operational disruptions

Construction software group Elecosoft said it wouldn't pay a final dividend for 2019 to to the potential impact on its business from the Covid-19 crisis. The company said it had traded well in the first quarter in 2020 but the situation had recently
24-Sep-2019 09:38 AM

Elecosoft sees profits rise with net debt significantly lowered

Elecosoft saw its net income grow to £1.29m from £0.95m as revenues increased 20% to £12.71m as announced in its interim results for the period ending 30 June 2019. Highlights of the year included the release of Powerproject XV, the com
07-Aug-2019 09:34 AM

Elecosoft revenue jumps 22% in H1

Elecosoft said half-yearly revenue increased by 22% and added that it would focus efforts on generating positive cash flow in the second half of the year. Unaudited revenue for the period increased by 20% compared with revenue for the same period last ye
09-May-2019 09:28 AM

Elecosoft Q1 results meet expectations driven by strength in construction, visualisation software bu

Elecosoft said its international spread and strength of its core construction and visualisation software businesses helped deliver first-quarter profits in line with market expectations. For the quarter ended 31 March 2019, revenues increased by 20% an
19-Mar-2019 09:56 AM

Elecosoft profits boosted by solid growth in UK and Germany markets

Elecosoft profits rose 8% as revenue grew by more than tenth supported by 'solid' growth in its UK and Germany markets. For the year ended 31 December 2018, pre-tax profits rose 8% to £2.4m and revenue rose 11% to £22.2m. The gro
12-Sep-2018 02:56 PM

Elecosoft profit grows on higher sales

Construction software specialist Elecosoft reported a rise in first-half profit underpinned by rising revenue. Pre-tax profit for the six months through June rose to £1.2m, up from £1.0m on-year, as revenue rose 5% to £10.6m. The compa
05-Jul-2018 08:50 AM

Broker Forecast - finnCap issues a broker note on Elecosoft PLC

finnCap today reaffirms its corporate investment rating on Elecosoft PLC (LON:ELCO) and raised its price target to 88p (from 85p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
06-Jun-2018 08:33 AM

Elecosoft appoints Mukul Mistry as Corporate Development Director

International construction software specialist Elecosoft said Wednesday it had appointed Mukul Mistry as Corporate Development Director. Mukul Mistry has had extensive international experience in the software industry. He was previously an Executive Dire
17-May-2018 10:46 AM

Elecosoft reports 'significantly higher' pretax profit as revenues jump 7%

Elecosoft said Thursday profit before tax in the first four months of the year was in line with market expectations and 'significantly higher' than the prior year, supported by higher revenue and continuing cost management. Revenue for the four
17-May-2018 08:40 AM

Broker Forecast - finnCap issues a broker note on Elecosoft PLC

finnCap today reaffirms its corporate investment rating on Elecosoft PLC (LON:ELCO) and raised its price target to 85p (from 65p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
27-Mar-2018 02:53 PM

Elecosoft profit, dividend both up 50%

Construction software group Elecosoft said its annual pre-tax profit rose by 50% to £2.3m, on the back of a 12% increase in revenue. The company declared a full-year dividend of 0.6p, up 50%, with a final recommended dividend of 0.4p. 'I am p
27-Mar-2018 09:40 AM

Broker Forecast - finnCap issues a broker note on Elecosoft PLC

finnCap today reaffirms its corporate investment rating on Elecosoft PLC (LON:ELCO) and raised its price target to 65p (from 62p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jan-2018 02:49 PM

Elecosoft says trading as expected

Software group Elecosoft said its revenue and profit for 2017 were expected to be significantly above the previous year and in line with market expectations. "Elecosoft's strong conversion of operating profits into cash in the year enabled the
23-Jan-2018 11:50 AM

Broker Forecast - finnCap issues a broker note on Eleco PLC

finnCap today reaffirms its corporate investment rating on Eleco PLC (LON:ELCO) and raised its price target to 62p (from 55p). Story provided by StockMarketWire.com...
22-Dec-2017 09:06 AM

Elecosoft appoints COO

Elecosoft has appointed Jonathan Hunter, currently group marketing and business development director, as chief operating officer. The board also announced that Jason Ruddle, has resigned as a director of Elecosoft and as managing director of Elecosoft U
20-Nov-2017 09:56 AM

Elecosoft clinches two awards at The Hammers

Elecosoft has been awarded the 'Project Management/Planning Product of the Year' and 'Best Use of IT in a Construction Project 2017' at the Construction Computing Awards 2017 - The Hammers on 16 Nov. Elecosoft's Powerproject 4D
15-Nov-2017 08:09 AM

Elecosoft appoints finance director

Elecosoft has appointed Simon Morgan as finance director with immediate effect. Elecosoft said that Morgan had held numerous senior financial and other directorships in digital publishing, SaaS and business services companies. Most recently, he was C
25-Sep-2017 10:00 AM

Broker Forecast - finnCap issues a broker note on Eleco PLC

finnCap today reaffirms its corporate investment rating on Eleco PLC (LON:ELCO) and raised its price target to 55p (from 50p). Story provided by StockMarketWire.com...
25-Sep-2017 07:21 AM

Elecosoft pre-tax profits up 81% as revenues top £10m

Elecosoft's pre-tax profits rose by 81% to £1,007,000 in the six months to the end of June. Revenue increased by 14% to £10,010,000 (2016 H1: £8,769,000) of which 48% was from recurring maintenance and support revenue (2016 H1: 47%
18-Sep-2017 09:14 AM

Elecosoft schedules interims

Elecosoft will announce its results for the six months to the end of June on 25 Sep. At 9:14am: (LON:ELCO) Eleco PLC share price was 0p at 43.25p Story provided by StockMarketWire.com...
 
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