Delcam FY07 Revenue Up 11% to 29.7M Pounds
 BIRMINGHAM,
UK, Mar 19, 2008 - CADCAM developer Delcam achieved record sales again in
2007, continuing the strong increase in turnover that has been seen in
recent years. Group sales for the year to 31 December 2007 rose by 11% to
£29.7 million from £26.7 million in 2006. These record results were driven
by good growth in software licence and maintenance sales in the core Power
Solution range of software and by additional revenue from the company’s
newer software ranges, FeatureCAM, which was acquired in July 2005,
PartMaker, which was acquired in July 2006, and Crispin, which was acquired
in December 2006.
Profitability suffered as result of the weak dollar. With more than half
of Delcam’s global sales undertaken in the US$, this weakness impacted
profit by more than £0.5m. Profit before tax was £2.15 million compared with
£2.79 million achieved in 2006.
Click here to view full statement.
 Commenting
on the results, Peter Miles, Chairman, said, “I am pleased to report that
the business has performed robustly. Our record sales are especially
creditable given the background of US dollar weakness, which adversely
affected sales and profitability. Our results demonstrate the high quality
of our software offering and the diversified spread of our business across
the many industries in which we operate.”
“We have had an encouraging start to the current year but we will not be
immune to any global downturn in economic activity,” added Mr. Miles.
“However, by offering our wide range of products and services across a
number of industries, we are in a position to capitalize on the variety of
opportunities available to us. We continue to view prospects for the
business over the long term very positively.”
Mr. Miles also highlighted the expected benefits of the closer
relationship with leading metrology supplier Renishaw, following its £6.1
million investment in April. “Since then, we have been working together on
new initiatives, including the development of software to support Renishaw’s
new inspection probes and for applications in the medical industries,” he
reported.
For more information, visit
www.delcam.com.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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