The multi-national construction software and digital visualisation developer and supplier has defied Brexit fears to deliver another strong year, showing both organic and acquired growth. FX fluctuation meant its overseas sales were slightly below our forecast, but stronger margins from operational gearing led to a comfortable beat on the earnings front. The cash conversion remains excellent and the solid 0.7p dividend is in line with our forecast. The H2 acquisitions left £2.1m net deb
20 Mar 2019
Elecosoft - New products deliver FY 2018 earnings beat
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Elecosoft - New products deliver FY 2018 earnings beat
Eleco Plc (ELCO:LON) | 92.5 0 0.0% | Mkt Cap: 77.0m
- Published:
20 Mar 2019 -
Author:
Cavendish Research -
Pages:
14
The multi-national construction software and digital visualisation developer and supplier has defied Brexit fears to deliver another strong year, showing both organic and acquired growth. FX fluctuation meant its overseas sales were slightly below our forecast, but stronger margins from operational gearing led to a comfortable beat on the earnings front. The cash conversion remains excellent and the solid 0.7p dividend is in line with our forecast. The H2 acquisitions left £2.1m net deb