Another fantastic set of results
Full Year Results
RNS
RNS Number : 8334A
Delcam PLC
26 March 2013
AIM: DLC
DELCAM PLC
("Delcam", "the Group" or "the Company")
Full Year Results
For the 12 months to 31 December 2012
Delcam is the UK's leading developer and supplier of advanced software solutions for metrology, product development and manufacture. Based in Birmingham, the Group's software is used by more than 40,000 organisations to improve efficiency and reduce costs in the design and manufacturing process. Delcam software is used across a variety of industries, including aerospace, automotive, footwear, medical and dental, toys and sports equipment.
Key Points
· Best ever results
· Sales up 12% to £47.1m (2011: £41.9m) - driven by increased software licence sales across all major territories, USA, Far East and Europe
- sales trend shows new highs in each of the last six half year periods
- software licence revenues up 16% to £24.5m
- recurring income (from software maintenance and support contracts) up 8% to £14.1m, accounting for circa 30% of Group sales
· Investment in software R&D of £11.4m (2011: £10.7m) - underpins long term growth
· Pre-tax profit up 54% to £5.1m (2011: £3.3m*)
· Basic earnings per share up 65% to 58.2p (2011: 35.3p*)
· Unrestricted net cash and short-term investments up 8% to £10.3m at year end (2011: £9.5m)
· Final dividend of 7.0p proposed, (2011: 5.25p) - takes total to 9.5p (2011: 7.0p), up 36%
· Highest level of royalties continue to be from USA, Germany, Korea, UK and China
· Increased investment in marketing - to raise worldwide brand profile
· Global sales network strengthened
· Board expects Delcam to make further good progress in 2013
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