Share Prices & Company Research

Market News

09 May 2019 | 09:28

Elecosoft Q1 results meet expectations driven by strength in construction, visualisation software businesses

Elecosoft said its international spread and strength of its core construction and visualisation software businesses helped deliver first-quarter profits in line with market expectations. For the quarter ended 31 March 2019, revenues increased by 20% and profit before tax for the quarter was higher than that of last year and in line with market expectations.  Elecosoft was also cash generative in the quarter, with net debt of £0.9m, compared with net debt of £2.1m as at 31 December 2018.

'Elecosoft continues to perform well reflecting both the international spread and strength of our core construction and visualisation software businesses,' the company said. 'We have been encouraged by the trading performance of our recent acquisitions in the UK and Germany and the opportunities for realising synergies which we anticipated when acquiring these businesses.'

At 9:28am: (LON:ELCO) Elecosoft PLC share price was +6p at 86.5p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.