Delcam's ArtCAM software helps traditional UK based engraver expand into new markets
Howard Bros. (Engravers) Ltd. is a British company that been in business for over 50 years. To maintain their competitive edge this forward- looking organization has combined traditional engraving skills with state of the art technology.
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Delcam sets new sales record in 2005
During 2005, Delcam accelerated the growth in sales that has been seen in recent years. This stronger growth came through a combination of increased sales of the established Power Solution range of software and additional revenue resulting from the acquisition of the US-based developer Engineering Geometry Systems (now renamed Delcam USA). Total sales for the year to 31st December 2005 were at the record level of £24.0 million, an increase of 11.7% over the £21.5 million achieved during 2004, which was itself a record year.
Profit before tax of £2.3 million (in accordance with FRS 17) for the year showed an increase of 71%, from the £1.4 million achieved in 2004. As with the increase in sales, the growth in profits resulted from a combination of increased profitability with our existing products and additional profits from the acquisition.
Commenting on the results, Delcam Chairman Tom Kinsey said, "During the year, Delcam continued its policy of increasing its investment in innovative research and development which will continue to give us industry-leading products and, consequently, higher sales. This increased investment enabled us to release improved versions of all of our main software products during the year. Although the level of competition remains high, we believe that we are achieving our objective of offering better functionality and value than other suppliers. As well as helping us to win many new clients, the new versions have contributed to record levels of maintenance revenue from our existing users.”
"With our international distribution network now represented by more than 150 offices in 60 countries, we are currently focusing on the expansion of our established offices rather than on the appointment of additional resellers in new territories,” he added. "The levels of sales for the opening months of 2006 are again promising. We are confident that we can continue to achieve improved results during this year provided the current positive trends for worldwide manufacturing industry are maintained and the US dollar remains stable.”
Click here to read a copy of the full statement.
27 March 2006
