AGM statement

RNS Number : 2323C

IDOX PLC

03 March 2011

 



3 March 2011

IDOX plc

AGM statement

IDOX plc (AIM: IDOX, 'IDOX' or the 'Company'), a leading independent supplier of software and services to the UK public sector and other markets, is holding its Annual General Meeting today.

At the AGM, Chairman Martin Brooks will make the following statement:

"The Company has seen a strong start to the trading year with an uplift of new orders in the first quarter compared to the previous year. Overall revenues for the year to date and resultant profitability are significantly ahead of last year, the acquisitions made are performing to plan or better and the company's cost base continues to be very well contained.  As in previous years the weighting of delivery and revenue recognition will be towards the second half of the year, especially with Easter and other public holidays falling close together in April, usually a period of high activity for the company.

"There continues to be an attractive pipeline of possible acquisitions which meet the Company's exacting criteria and the potential acquisition of LalPac announced on 9 February 2011 is being progressed with the Office of Fair Trading (OFT) for their consideration.

"Although it is still early in the trading year to make confident forecasts on outlook, particularly during a period of continuing economic uncertainty, we are very encouraged by progress so far."

Enquiries:

IDOX plc	[phone]
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial Officer
Investec Investment Banking	[phone]
Andrew Pinder Patrick Robb
FinnCap	[phone]
Charles Cunningham (Corporate Finance)
Stephen Norcross (Corporate Broking)
College Hill	[phone]
Adrian Duffield / Kay Larsen

About IDOX plc

IDOX plc is a supplier of software solutions and services to the UK public sector and increasingly to the wider corporate sector. It is the leading applications provider to local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers.

The Group provides public sector organisations with tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.

These capabilities have been recently extended via the acquisition of McLaren Software into the related area of engineering document management and control applications, serving many leading international companies in industries such as oil & gas, mining, utilities, pharmaceuticals and transportation.

IDOX also supplies decision support content and additional specialist services via the IDOX Information Solutions business, as well as transforming approaches to knowledge and content management via consultancy and training in the UK and internationally.

In addition, it provides these specialist skills to customers through its TFPL branded recruitment division.

For more information see www.idoxplc.com

 

END

 

 

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