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Pin to quick picksElecosoft Regulatory News (ELCO)

Share Price Information for Elecosoft (ELCO)

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Trading Update

7 Aug 2019 07:00

RNS Number : 1624I
Elecosoft PLC
07 August 2019
 

7 August 2019

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Trading Update

The Board of Elecosoft announces a trading update for the six months ended 30 June 2019, based on unaudited management accounts for the period. 

 

Unaudited revenue for the period increased by 20 per cent compared with revenue for the same period last year. At constant rates of exchange, unaudited revenue would have increased by 22 per cent. Trading margins for the period were consistent with the prior year and preliminary results for the half year based on unaudited management accounts indicate that the outlook for the full year remains in line with market expectations.

 

Elecosoft continued to generate positive cashflow in the period and reduced its net debt from £2.1m at 31 December 2018 to £0.6m at 30 June 2019. The Company expects to announce its interim results in late September and will confirm a date in due course.

 

John Ketteley, Executive Chairman of Elecosoft said:  

"Elecosoft continued to perform well in the first half of 2019; and will continue to concentrate on increasing sales, on improving further our significant recurring income, and on generating positive cash flow in the second half."

 

 

For further information, please contact:

 

 

Elecosoft plc

Tel: +44 (0)20 7422 8000

JHB Ketteley, Executive Chairman

 

Jonathan Hunter, Chief Operating Officer

Ben Moralee, Finance Director

 

 

finnCap Ltd

 

Tel: +44 (0)20 7220 0500

Geoff Nash / Kate Bannatyne (Corporate Finance)

 

Camille Gochez (Corporate Broking)

 

 

Newgate Communications

 

Tel: +44 (0)20 3757 6880

Elisabeth Cowell / Fiona Norman

 

 

 

About Elecosoft plc

Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software solutions cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
9th Nov 20189:30 amRNSHolding(s) in Company
6th Nov 20187:00 amRNSPlacing and Acquisition
12th Sep 20187:00 amRNSHalf-year Report
2nd Aug 20187:00 amRNSTrading Update
5th Jul 20187:00 amRNSAcquisition of Shire Systems Limited
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6th Jun 20187:00 amRNSAppointment of Corporate Development Director
17th May 20182:30 pmRNSResults of AGM
17th May 20187:00 amRNSTrading Update
20th Apr 20187:00 amRNSNotice of AGM
27th Mar 20187:00 amRNSPreliminary Results
21st Mar 20187:00 amRNSNotice of Results
5th Mar 20187:00 amRNSExhibiting at the Master Investor Show 2018
8th Feb 20187:00 amRNSIssue of Options
5th Feb 20187:50 amRNSAppointment of Non-Executive Director
23rd Jan 20187:00 amRNSTrading Statement
22nd Dec 20177:00 amRNSDirectorate Change
7th Dec 20177:00 amRNSCollaboration Agreement
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15th Nov 20177:00 amRNSAppointment of Finance Director
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6th Nov 20177:00 amRNSResult of Scrip Dividend
25th Sep 20177:00 amRNSInterim Results
25th Sep 20177:00 amRNSChange of Registered Office
18th Sep 20177:00 amRNSNotice of Results
21st Aug 20177:00 amRNSDirectorate Change
10th Aug 20172:32 pmRNSReplacement: Issue of Options
10th Aug 20177:00 amRNSIssue of Options
7th Aug 20177:00 amRNSAmendment to Result of Scrip Dividend
17th Jul 20177:22 amRNSTrading Update
25th May 20177:25 amRNSResult of Scrip Dividend
4th May 20174:45 pmRNSResult of AGM
4th May 201712:03 pmRNSAppointment of Non Executive Deputy Chairman
4th May 201712:00 pmRNSTrading Update
10th Apr 20177:00 amRNSNotice of AGM and posting of Report & Accounts
27th Mar 20177:00 amRNSPreliminary Results
27th Mar 20177:00 amRNSDirectorate Appointments
20th Mar 20171:19 pmRNSNotice of Results
30th Jan 20177:00 amRNSDirectorate Appointment
20th Jan 20177:00 amRNSTrading Statement
6th Jan 20177:00 amRNSDirectorate Change
20th Dec 20164:22 pmRNSDirector Dealing
14th Nov 201612:55 pmRNSChange of Registered Office
28th Oct 20169:26 amRNSIssue of Options
24th Oct 20165:01 pmRNSHolding(s) in Company
17th Oct 20164:52 pmRNSChange of Registered Office
17th Oct 20167:00 amRNSAcquisition of ICON
21st Sep 20167:00 amRNSInterim Results

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