Elecosoft PLC Trading Statement (6750U)
January 20 2017 - 2:00AM
UK Regulatory
TIDMELCO
RNS Number : 6750U
Elecosoft PLC
20 January 2017
Elecosoft plc
("Elecosoft" or "the Company")
Trading Statement
The Board of Elecosoft is pleased to announce the following
trading statement for the year ended 31 December 2016:
Based on unaudited management accounts for the year ended 31
December 2016, the Board expects that profit before tax for the
year will be significantly ahead of market expectations before
costs associated with the acquisition of Integrated Computing and
Office Networking Limited (ICON).
Elecosoft achieved record sales in the year ended 31 December
2016 due principally to substantial growth in sales of its Asta
Powerproject(R) software applications and its Bidcon(R) estimating
software together with corresponding increases in training and
consultancy revenues. Sales benefited in the latter half of 2016
from the currency effect resulting from the Brexit vote.
John Ketteley, Executive Chairman of Elecosoft said "Elecosoft
produced a strong trading performance in 2016 and made the
successful acquisition of ICON. We are confident that 2017 will be
a year of further progress as Elecosoft begins to realise its
potential as a specialist international provider of market leading
software solutions and applications for construction, retail and
related industries.
For further information, please
contact:
Elecosoft plc
John Ketteley (Executive Chairman) Tel: 020 3857 5210
Jonathan Hunter (Group Marketing
and Business Development Director)
finnCap Ltd
Adrian Hargrave / Kate Bannatyne Tel: 020 7220 0500
(Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications
Rebecca Sanders-Hewett / David Tel: 020 7382 4730
Ison elecosoft@redleafpr.com
/ Susie Hudson
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About Elecosoft
Elecosoft is listed on the Alternative Investment Market in
London (AIM: ELCO). It is a specialist international provider of
software and related services to the architectural, engineering,
construction, retail 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 programs cover
project management, construction site management, estimating,
timber engineering, 3D design and visualisation, cloud based
digital marketing and data storage solutions.
For more information, please visit www.elecosoft.com
This information is provided by RNS
The company news service from the London Stock Exchange
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