Trading Statement

RNS Number : 5239P

Eleco PLC

08 June 2015

 

8 June 2015

ELECO plc

("ELECO" or "Group")

Trading Statement

For the Half Year to 30 June 2015

The Board of ELECO is pleased to announce that trading in the year to date is in line with the Board's expectations.  Trading in the period benefited from an upturn in the performance of ASTA in the UK and US, offset to some extent by a weaker than expected performance to date in Sweden. 

Of note in the period was  a significant license sale by one of ASTA's key US channel partners with a US State Department of Transport. Asta Powerproject® was also voted Best Planning and Project Management Software by the UK Construction Industry Software Association.

ELECO also announced the release in the UK of the latest version of its Bidcon® estimating software which was developed by its Swedish software development team. Bidcon has been integrated into ELECO's latest 5D BIM solution which combines all of ELECO's, estimating, project management, 3D visualisation and compression technologies into a single project management and estimating solution, which has been very well received by ELECO's customers in the construction industries in Sweden and the UK.

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For further information please contact:
ELECO plc	www.eleco.com
Nick Caw, Chief Executive Officer Jonathan Hunter, General Manager Group Marketing	Tel: [phone]
Finncap Ltd
Geoff Nash / Kate Bannatyne (Corporate Finance) Malar Velaigam (Corporate Broking)	Tel: [phone]
Redleaf Communications
Rebecca Sanders-Hewett / David Ison / Susie Hudson	Tel: [phone] [e-mail]

About ELECO plc

ELECO plc specialises in the development and delivery of cutting-edge software and services to the global Architectural, Engineering and Construction industry.  Their solutions cover the full project lifecycle with offerings for project management, construction, timber engineering, design, 3D visualisation and marketing communities.

The Group operates principally in Sweden, Germany, the UK and increasingly in other markets worldwide.

ELECO plc is listed on the Alternative Investment Market in London (AIM: ELCO).

For more information please visit www.eleco.com

 

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