Delcam on target for record full year sales

BIRMINGHAM software company Delcam has said it expects full year revenue and profit to be ahead of expectations after a strong fourth quarter.

The Small Heath company, which is one of the UK’s leading developers and suppliers of advanced software solutions for metrology, product development and manufacture, said full year sales were on target for a record £46m.

It had hinted at the strong performance when it announced its first half results in August.

In the six months to June 30, the firm saw revenues increase by 15% to £22.9m (2011: £20.0m) and pre-tax profits up 67% to £2.09m (2011: £1.25m).

In a pre-close statement it said: “After a first half which delivered new six month records for both revenues and pre-tax profits, trading in the second half of the financial year to date has been strong, especially in the important fourth quarter.

“As a result, the board now expects Delcam’s profit before tax to be ahead of current market expectations of £4.3m (stated before share option charges of £0.2m and a pension IAS19 credit of £0.1m). Sales for the full year are expected to be approximately £46m, which sets a new high for the company.”

The company has benefited from a strong focus on international trade and it has been steadily growing its export markets to capitalise on new opportunities.