Trading Update

RNS Number : 2043E

Elecosoft PLC

04 May 2017

 

Elecosoft plc

("Elecosoft")

Trading Update for the three months to 31 March 2017

Turnover of Elecosoft for the three-month period ended 31 March 2017, based on unaudited management accounts, increased by 17 per cent compared with turnover for the same period last year; and unaudited Profit before Tax is tracking in-line with full year market expectations,  due principally to the benefit gained from the higher turnover achieved in the period and improved cost management.

John Ketteley, Executive Chairman said: "The trading performance of Elecosoft in the first three months of 2017 is gratifying, but the current political climate remains uncertain and we continue to monitor closely those markets in which we operate."

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

About Elecosoft plc

Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction 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 programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.

For more information, please visit www.elecosoft.com

 

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