CIMdata PLM Industry Summary Online Archive
19 April 2005
Financial News
INCAT Maiden Interim Results For The Six Months Ended 28 February 2005
INCAT International PLC, the software solutions and services provider focused on Product Lifecycle Management (PLM), announced its unaudited results for the half year ended 28 February 2005.
Highlights for the six months ended 28 February 2005 are as follows:
• Turnover of £32.4m (2004: £32.3m)
• Increased gross profit margin of 31% (2004: 28%) due to increased revenue derived from higher margin PLM services and software
• Operating margin before amortization of goodwill and exceptional item to 5.8% (2004: 3.6%)1
• Operating profit before goodwill amortization and exceptional item up 58% to £1.9m (2004: £1.2m)
• Profit before tax of £1.6m (2004: £1.2m)
• Adjusted earnings per share of 6.4p (2004: 3.0p)2
• Net cash position of £7.4m at period end
• Greater penetration with existing clients, new contract wins and pleasing sales of our proprietary software
• Maiden interim dividend of 0.75p per share
• Successful flotation on AIM, raising £2.8m net of expenses on 30 November 2004
1 Operating profit and operating margin before and after amortization of goodwill and exceptional items is analyzed in note 3 to the Interim statement.
2 Adjusted earnings per share have been calculated to add back the amortization of goodwill charge, and exclude the exceptional credit arising in the prior period. It is analyzed in note 6 to the Interim Statement 2005.
Ulrich Herter, Chief Executive Officer said:
"We are delighted to announce positive progress since joining AIM on 30 November 2004. During the second half, we will continue our strategy of growing the business both organically and via selective acquisition and expect our overall performance to be in line with expectations."
The full financial report is available at http://www2.incat.com/files/INCAT_Interim_statement.pdf .
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.