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Trading Update

25 May 2006 07:01

CODASciSys PLC25 May 2006 25 May 2006 CODASciSys plc TRADING UPDATE PRIOR TO ANNUAL GENERAL MEETING CODASciSys plc ("CODASciSys"; stock code: CSY), the Chippenham-based supplier ofspecialist software, consultancy and IT services, is issuing this trading updateahead of its Annual General Meeting later today. CODASciSys is pleased to report that all Divisions have continued to performwell and, at this stage of the year, the Group expects its results for 2006 tobe in line with market expectations. The CODA Division is seeing considerable interest in its new compliance andconsolidation solutions, with sales and a growing pipeline in both the US andelsewhere. Early sales of OCRA, the Swedish financial consolidation productacquired in 2005, have now been secured in existing and new clients outside theNordic market, where sales also continue. Sales of CODA Control Assessor, aninternal controls evaluation and testing product bought last year, have alsobeen made to both existing and new clients, and demand for such solutions isgrowing. Sales of the core financial management systems remains solid, with notable winsincluding Farrow & Ball, Inspace, Ligne Roset and IXIS Securities, and there isa healthy pipeline of new and existing client business. Attention has been focused on ensuring that the operations acquired in 2005, arefully integrated and operating successfully and profitably, and this isprogressing well. Building on the new operation in Budapest, CODA opened anoffice in Prague in April, to support existing clients and exploit newopportunities in Eastern Europe. The SciSys Division is continuing to progress well with its strategy of focusedactivity in its 3 main sectors. In the public sector, the Integrated Regulationprogramme for the Environment Agency has progressed well with a team ofapproximately 50 staff now involved. This work, combined with frame contractwins under two Government Agency catalogues (Catalist and GSI) provides goodopportunities to secure further business in this sector. In Defence, we continueto work with several prime contractors on the major defence programmes includingJETTS and FRES and the strength of our third party alliances is helping securewider involvement in the programmes than originally envisaged. Within the Spaceunit, our early involvement in the Galileo programme has been converted intoseveral large projects providing for full utilisation of the team. The outlookfor the Division remains healthy. Business Collaborator has continued to deliver strong results in the period. Itcompleted the phase 1 implementations for the three Asset Management Programmesfor United Utilities, Southern Water and Thames Water. Recent further successeswithin Yorkshire and Dee Valley water have positioned BC as the clear leader inthe provision of Collaboration solutions to the Utilities market. The SEDEXinitiative continues to show strong growth with a continued increase inmembership of over 400 new sites per month. For the remainder of the year, CODASciSys will aim to achieve continued growthin shareholder value. All divisions will be aiming for organic growth and thegroup will use continued strong operating cash flows to pursue appropriateacquisitions. Ends FOR FURTHER INFORMATION PLEASE CONTACT: Graham Steinsberg, Group Chief Executive, CODASciSys, telephone 01249 466466Bridgewell 0207 003 3000 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
24th Aug 20078:00 amRNSChange of Adviser
17th Aug 20072:58 pmRNSAIM Rule 26
4th Jun 20079:52 amRNSResignation of Director
25th May 200710:49 amRNSResult of AGM
24th May 20077:02 amRNSAGM Statement
24th Apr 20076:24 pmRNSAnnual Report and Accounts
27th Mar 20077:02 amRNSFinal Results
19th Mar 200710:14 amRNSHolding(s) in Company
15th Mar 20072:29 pmRNSHolding(s) in Company
28th Feb 20074:13 pmRNSNotice of Results
8th Feb 20078:17 amRNSHolding(s) in Company
25th Jan 200712:49 pmRNSDirector/PDMR Shareholding
22nd Jan 20077:02 amRNSTrading Update
18th Dec 20061:33 pmRNSBlocklisting Interim Review
14th Dec 200611:00 amRNSHolding(s) in Company
8th Dec 200612:58 pmRNSTotal Voting Rights
6th Dec 20067:02 amRNSNew Finance Director
4th Dec 20067:02 amRNSNew Contract
15th Nov 200611:40 amRNSHolding(s) in Company
14th Nov 200610:22 amRNSHolding(s) in Company
8th Nov 20062:31 pmRNSDirector/PDMR Shareholding
3rd Oct 20061:53 pmRNSHolding(s) in Company
26th Sep 20061:20 pmRNSDirector/PDMR Shareholding
26th Sep 20067:04 amRNSCommencement of Dealings
26th Sep 20067:04 amRNSCompletion of Demerger
25th Sep 20067:02 amRNSInterim Results
14th Sep 20065:08 pmRNSRe Share Premium Account
13th Sep 20067:03 amRNSNotice of Results
12th Sep 20067:00 amRNSSchedule 1 - CODA plc
10th Aug 200612:40 pmRNSResult of EGM
25th Jul 20067:02 amRNSManagement Change
17th Jul 200612:42 pmRNSRe Proposed Demerger-Replace
17th Jul 20067:01 amRNSRe Proposed Demerger
6th Jul 20067:00 amRNSDirector/PDMR Shareholding
4th Jul 20067:05 amRNSFurther Re NON EXECS
4th Jul 20067:00 amRNSProposed Demerger
28th Jun 20067:02 amRNSCo. Secretary of Year Award
13th Jun 20067:00 amRNSRe Contract
25th May 20067:01 amRNSTrading Update
6th Apr 200612:03 pmRNSDirector Shareholding
3rd Apr 20067:01 amRNSDirector/PDMR Shareholding
29th Mar 200610:08 amRNSBlocklisting Application
29th Mar 20068:48 amRNSAdditional Listing
16th Mar 20067:02 amRNSFinal Results
14th Mar 20062:24 pmRNSHolding(s) in Co. - Amendment
14th Mar 200611:40 amRNSHolding(s) in Company
19th Jan 20062:13 pmRNSHolding(s) in Company
16th Jan 20067:00 amRNSTrading Update
10th Jan 200611:00 amRNSHolding(s) in Company
10th Jan 20067:00 amRNSDirectorate Change

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