This company looks to be a good investment and the accounts, news and future look bright. One to buy in but DYOR. Couldn't see this as anything but good long term prospects for further significant growth with this share.



VEGA Group PLC

RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2003


VEGA Group PLC ('VEGA'), the consulting and technology company, today announces
its Interim results for the six months ended 31 October 2003.

KEY POINTS - FINANCIAL

• Turnover up 21% to 21.1m (2002: 17.4m)

• Profit before tax* up 47% to 1.03m (2002: 0.7m)

• Basic EPS of 2.40p (2002: 47.99p loss per share)

• Substantial increase in order intake. Forward order book: 41.7m up
10% (2002: 37.9m)

*(from continuing operations before tax, exceptional items and goodwill
amortisation and impairment)


GOVERNMENT & DEFENCE

• Turnover grown by 31% to 11.8m (2002: 9.0m)

• Strong order intake of 15.5m (2002: 8.1m). Significant new orders
include working with Alvis for the delivery of Titan and Trojan and with
the Dutch and Norwegian Airforces for work on the F-16 aircraft.

• Strong growth in the consulting business in the operational command and
control arena and around VEGA's national security and intelligence
offerings.

SPACE

• Turnover grown by 21% to 9.3m (2002: 7.7m)

• Signed new orders of 7.2m (2002: 7.0m). Orders this year, include
2.0m projects in Holland including support for Europe's manned space
programme.

• We have signed a contract to build a new simulator for the Venus Express
programme, following on from the successful launch of Mars Express.

Chairman, Andy Roberts stated :

'We are pleased with this significant growth in both revenue and profitability
in these results. VEGA is on track to deliver improved performance this year,
the results of effective management and careful execution of a strategy that is
geared towards growing the business in its chosen markets.'

VEGA is an established consulting and technology company that implements
strategy for international businesses and government organisations. VEGA
delivers sustainable performance improvements for its clients, through the
practical application of knowledge from highly experienced people. VEGA operates
predominantly in the Space, Defence and Public Sector markets; its core
competencies include control & operations, simulation, learning & knowledge,
security and procurement.


VEGA Group PLC : Andy Roberts, Chairman; Phil Cartmell, Chief Executive

www.vega.co.uk
on 020-7466 5000 today and on 01707- 391 999 thereafter

Buchanan Communications: Tim Anderson/Nicola Cronk/Rebecca Skye Dietrich

www.buchanan.uk.com
on 020-7466 5000

Vega Group says on track for improved FY performance
null


as order intake rises

LONDON (AFX) - Vega Group PLC said it is on track to deliver an improved performance in the current year, as it reported a rise in interim pretax profits before exceptionals and goodwill to 1.03 mln stg from 0.7 mln a year earlier.

It said it experienced a substantial increase in order intake in the period to Oct 31, worth 15.5 mln stg compared with 8.1 mln in the previous first half. The forward order book stood at 41.7 mln stg at the end of October, up 10 pct from 37.9 mln a year earlier.

Sales rose to 21.1 mln stg from 17.4 mln, generating adjusted earnings per share of 3.84 pence compared with 1.69p.

In a separate statement, Vega Group said it has been named as part of the successful Accenture team that will design, build and manage NHS information systems to support patient centric healthcare in North East England, including Yorkshire and Humberside.

Accenture was awarded the 1.1 bln, 10-year contract to become the North East Local Service Provider by the Department of Health.

newsdesk@afxnews.com

lam

been watching this stock and seems to go up on very little buying, could there be something in that???

Kivver, and me too!
Perhaps a new contract or aquisition - anybody know anything?

apparently new contract worth 750,000 but still little buying.

Impressive results and recent contract wins, market still absorbing them IMHO.

Seems good time to BUY again with good half year results expected on 6th Dec. SP fallen back significantly from recent highs of 240p to 221.7p at which I picked up some more today. Anybody else think the same?