Delcam predicts higher profits after strong start to H2

MANUFACTURING software provider Delcam has predicted record sales and better-than-forecast pre-tax profits as a result of a strong start to second half trading.

The Birmingham-based firm said its fourth quarter performance was also strong and reinforced the company’s healthy position.

Shares grew strongly on the announcement, up more than 5% in early trading.

In a brief trading statement, the firm said: “After a strong first half, which showed interim revenues reach a record high, trading in the second half of the financial year began well and the fourth quarter to date has been good.  

“As a result, the board now expects Delcam’s profit before tax to be ahead of current market expectations of £2.8m, stated before share option charges of £0.1m. Sales for the full year are expected to be approximately £40m, setting a new high for the company.”

It said all of its major trading regions had contributed to the strong performance to date, with the company’s performance in Germany being especially pleasing.

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