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Renishaw Placing | Delcam sets new sales record in 2006 | Record sales in December 2006
Renishaw Placing
Delcam announced today that it had conditionally raised £6,096,208 before expenses through a placing of 1,524,052 new Ordinary Shares with Renishaw at £4.00 per share. The net proceeds will be used to fund the expansion of the business and for further investment in the development, sales and support of Delcam’s products.
Delcam sets new sales record in 2006
During 2006, CADCAM developer Delcam again achieved record sales, with a further acceleration in the growth in sales that has been seen in recent years. Group sales for the year to 31 December 2006 rose by 14% to £26.7 million from £23.5 million in 2005. Profit before tax increased by 9.6% to £2.56 million from £2.34 million. These record results were driven by good growth in software licence sales in the core Power Solution range of software and by additional revenue from our newer software ranges, FeatureCAM, which was acquired in July 2005, and PartMaker, which was acquired in July 2006.
Record sales in December 2006
Delcam, the UK’s leading supplier of CAD/CAM software solutions to manufacturers worldwide , reports that it achieved record monthly sales in December 2006. Total sales for December were £2.85 million, an increase of almost 11% on December 2005. Traditionally, sales are seasonally biased towards the second half of the year, especially towards the final quarter of the year.
In addition to good sales of Delcam’s established software, sales of the PartMaker software products, which were acquired in July 2006, have also performed well. Sales of the FeatureCAM product range, acquired in March 2005, also continue to build as an increasing number of Delcam resellers worldwide begin to offer these products.
The board expect the profit for the year to be materially in line with market expectations.
Managing Director, Hugh Humphreys, commented,
“December has historically been Delcam’s strongest month for software sales. Our established range of software has continued to experience encouraging sales growth, together with unusually high maintenance revenue from these products. I am also delighted that the progress of our newer product ranges, FeatureCAM and PartMaker, has been reflected in increasing sales.”
Enquiries:
Delcam plc |
Hugh Humphreys, Managing Director |
T: 0121 683 1000 |
Biddicks |
Katie Tzouliadis |
T: 020 7448 1000 |
Brewin Dolphin |
Ian Stanway |
T: 0121 236 7000 |