Survival5 Jun 2014 14:57
Well, well. Written off by some a couple of years ago as being destined to be dead as the proverbial Dodo, instead it looks now as though the company has turned out to be more like a Phoenix rising from the ashes. Having divested itself (at significant cost unfortunately) of all their precast building components, ELECO has now emerged as a leading international supplier of innovative technology led software applications with well established basis in the UK, Sweden, Germany and the Benelux countries; toe-holds have also recently been made in the potentially huge USA and India markets.
A complex preliminary results announcement yesterday cleared the cupboard of all skeletons and, once the financial position has been finally sorted, it should be all systems go for what the chairman stated as ‘a bright future’. As regards the outlook, he added “The board remains optimistic about the prospects for 2014 with a positive start to the first half in most of the core markets in which the Group operate”.