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Elecosoft PLC (ELCO)

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Thursday 17 May, 2018

Elecosoft PLC

Trading Update

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 £2.4m, compared with net cash of £1.0m 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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