Trading Update

RNS Number : 4087Z

Elecosoft PLC

26 May 2016

 

26 May 2016

 Elecosoft plc

("Elecosoft")

Trading Update

The Board of Elecosoft has pleasure in releasing a trading update for the four months ended 30 April 2016.

Elecosoft continues to win significant new software contracts both in the UK and international markets with new and existing customers and is trading in line with market expectations.

Based on unaudited management accounts for the first four months of 2016, turnover increased to £5.9m (2015: £5.4m restated) up 10 per cent on the same period last year.

Profit on trading for the first four months of 2016 was £518,000 (2015: restated £449,000) up 15 per cent and after accounting for a Director's termination payment of £109,000 in the period, Profit Before Tax for the period was £409,000 (2015: restated £449,000).

For further information please contact:
Elecosoft plc John Ketteley, Executive Chairman	www.elecosoft.com Tel: [phone]
Jonathan Hunter, Group Marketing
finnCap Ltd
Adrian Hargrave / Kate Bannatyne (Corporate Finance) Malar Velaigam (Corporate Broking)	Tel: [phone]
Redleaf Communications
Rebecca Sanders-Hewett / David Ison / Susie Hudson	Tel: [phone] [e-mail]

About Elecosoft

Elecosoft is a specialist international provider of software and related services to the construction, digital marketing, and timber engineering industries and also to the architectural profession. Its market leading software solutions are developed by development teams in the UK, Sweden and Germany, and its programs include software which enable users to comply with the latest BIM requirements for project management, construction site management, estimating, timber engineering, and 3D visual architectural design. It also provides digital marketing solutions to the flooring and interior design markets. Its products are sold directly or through a network of approved resellers worldwide.

Elecosoft is listed on the AIM market (ELCO) and is headquartered in Shoreditch, London, an acknowledged hub for creative technology companies.  For more information, please visit www.elecosoft.com

 

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