Delcam Reports Record Half-Year Sales of $29M
 BIRMINGHAM,
UK, Aug 24, 2007 - Delcam, the world’s leading CAM specialists, is very
pleased to announce that the company has achieved its best ever half-year
sales in the first six months of 2007. Sales for the six months to 30th
June, 2007, were £14.5 million (US$ 29 million), up almost 10% on the £13.2
million (US$ 26.4 million) achieved in the first six months of last year.
The increase in sales came mainly from the addition of the PartMaker and
Crispin families of software to the Delcam range.
The deterioration in the US dollar exchange rate adversely affected
profitability, impacting by approximately £350,000 (US$ 700,000). Profit
before tax for the first half was therefore £1.15 million against £1.2
million last year.
Delcam reinforced its commitment to its customers with a further increase
in spending on research and development. Expenditure grew from £3.7 million
(US$ 7.4 million) in the first half of 2006 to £4.1 million (US$ 8.2
million) in the opening six months of 2007.
Commenting on the results, Peter Miles, Chairman, said, “In my first
statement as Chairman, I am pleased to report that the business continues
its strong growth despite the impact of the declining US dollar. We are
seeing the benefits come through of the acquisitions of two software ranges
we made in 2006. The new ranges add additional breadth to our product
offering and we are in a good position to leverage future sales growth
through our global distribution network.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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