Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator industries 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,...
#ELCO ''Profits jump 25% April YTD'' - Elecosoft said this morning that although revenues declined 3% April YTD (2% constant currency: ED estomated split -14% month vs +2% Q1’20) PBT had jumped an impressive 25% YoY – as tradeshows were postponed and less money was spent on travel, hotels, marketing & other discretionary items. Altogether, lifting year-to-date EBIT margins to circa 21% (ED estimate) vs 16.8% H1’19, and closing April with net cash of £3.1m, vs £1.1m in Dec’19. Customers are also accelerating their own adoption of cloud & SaaS applications. Which in turn, helped to drive ELCO’s recurring revenues (re maintenance, support, SaaS) 6% higher April YTD, representing approx. 59% of the group (vs 56.8% FY19). Looking ahead, given the more stable macro environment, we hope to reintroduce our forecasts and valuation - either in September at the interims, or perhaps at the H1 trading update in late July. The stock at 77p appears attractively priced - trading on 2.4x 2019 EV/sales compared to typical industry multiples (pre COVID-19) of 4.0x – 7.0x. With the two closest rivals, Nemetschek & Autodesk, presently priced at >10x EV/turnover. - See new research here:
RNS Number: 8940 O Elecosoft PLC 04 June 2020 4 June 2020. Trading update for the four-month period ended 30 April 2020. iv. Elecosoft was also cash generative in the period and it had a net cash position of £3.1 m at 30 April 2020 compared with its net cash position of £1.1 m at 31 December 2019..
Half of the Options shall vest if, and only if, if, the share price is equal to or exceeds 117 pence per share for 20 consecutive dealing days between the date of issue and the 31 May 2023. a) The basic EPS reported in the audited Accounts for the year ended 31 December 2022 is at least 7.15 pence; or. b) if target (a) is not met but the basic EPS reported in the audited Accounts for...
Elecosoft Plc (ELCO.L) Announced, in its preliminary results for the year ended 31 December 2019, that revenues rose to £25 million from £22 million posted in the same period preceding year. The company’s profit before tax stood at £3.4 million, compared to a profit of £2.3 million reported in the previous year. The basic earnings per share stood at 3.3p compared to earnings of 2.3p reported in the previous year. The company’s cash and cash equivalents stood at £7.2 million (2018: £6.0 million). #ELCO
#ELCO - ''Beneficiary of the new digitalised world '' - Today the Board reported in line 2019 results. Delivering revenues up 14% (est. 3% LFL) to £25.4m (£22.2m LY), despite adverse forex (ED -2%, weaker SEK vs £) & other macro headwinds (Brexit, General Election & subdued Eurozone). Growth was split evenly across the UK +15% (£9.4m) & abroad +14% (£16.0m), with sales/head nudging up 3.8% to £101.2k (£97.5k). Both 89.5% gross profit margins and positive operating leverage (32.9% EBITDA drop through rates) allowed R&D (£3.1m vs £2.8m LY) to be increased (12.2% turnover), of which £1.2m was capitalised (£1.0m). Likewise, adjusted EBIT climbed 15.0% to £4.5m (17.9% margin vs 17.8%), EPS +7.1% higher to 4.10p (3.82p) and net funds ended Dec’19 at £1.1m vs -£1.8m LY, reflecting 120% cash conversion (114%). Elecosoft continued to trade “well” in Q1’20, with results only marginally impacted towards the end of March. Since then there has been a “degree of disruption”, particularly with regards to face-to-face services (19% sales). However we believe this will lessen over the next couple of quarters, setting up for a powerful rebound in 2021. In fact many housebuilders, for instance Mace, Taylor Wimpey, Vistry & Persimmon, are planning a phased reopening this month under new government guidelines. And the construction industry, traditionally slow to embrace new technology, is now accelerating its adoption of ‘everything digital’. Given the comfortable cash position, high retention rates & recurring revenues (57%), Elecosoft should provide a welcome port for risk tolerant investors to anchor in whilst the worst of the COVID-19 storm subsides. The stock at 74p looks attractively priced, trading on 2.4x 2019 EV/sales compared to typical industry multiples pre COVID-19 crisis of 4.0x – 7.0x - full note here
·Revenue up 14% to £25.4 m of which 57% was recurring maintenance, support and subscription revenue. ·Reported operating profit up 43% to £3.8 m. ·Profit before tax up 45% to £3.5 m.
#ELCO 2019 turnover and PBT were significantly higher (£25.3m & £4.1m) than LY. Strong B/S, high recurring revenues, trading on a trailing EV/Sales multiple of 1.6x compared to typical industry multiples pre COVID-19 between 4.0x – 6.0x.
RNS Number: 9809 I Elecosoft PLC 07 April 2020 For release 07 April 2020. Elecosoft also improved its cash generation significantly in 2019, having eliminated its net bank debt position of £1.8 m as at 31 December 2018, and ending the year ended at 31 December 2019 with a net cash position of £1.1 m.. The health and wellbeing of our employees are our priority and...
RNS Number: 3597 G Elecosoft PLC 16 March 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3553 G Elecosoft PLC 16 March 2020 TR-1: S tandard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 3824 A Elecosoft PLC 21 January 2020 For release 21 January 2020. The Board of Elecosoft, the international construction software specialist, is pleased to announce tha t results for the year ended 31 December 2019, based on unaudited management accounts, are expected to be ahead of the prior year and will be in line with market expectations. The Board...
RNS Number: 9495 Z Elecosoft PLC 16 January 2020 Elecosoft Plc. Launch of its new Artificial Intelligence visualisation tool. Elecosoft, announces the launch of its new Artificial Intelligence software tools at the Domotex Show in Hanover in January 2020.
Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries 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,...
The award reflects our ongoing commitment to providing innovative, market leading software solutions for our customers not only in the UK, but also in Sweden, Germany, the USA, and Australia, markets in which Elecosoft Powerproject is increasingly being used. " Elecosoft is a specialist international provider of software and related services to the...
Elecosoft Plc
ELCO.L
Elecosoft Plc
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