Delcam announces record sales and profits in 2012
Birmingham-based CADCAM developer Delcam has announced that the company achieved record annual sales of £47.1 million during 2012. Sales increased by 12% over the previous record of £41.9 million set during 2011.
The increase was driven mainly by a 16% growth in the sales of new software licences. These reached £24.5 million during the year, with high demand from both new and existing customers. Income from software maintenance and support contracts also reached a new record level of £14.1 million over the year.
Delcam’s highest levels of royalties continue to come from the USA, Germany, Korea, UK and China. The USA was also one of its fastest growing markets, along with Russia and the UK. However, there were many global examples of significant growth, with over 30 of Delcam’s Sales Partners achieving increases in their sales of more than 20%.
The higher level of sales allowed the company to continue to increase its investment in research and development. Delcam invested £11.4 million in R&D over the year, an increase of 7% against the £10.7 million investment in 2011.
Delcam Chairman, Peter Miles, commented, "The results for 2012 are Delcam’s best ever. The sales trend is especially encouraging, with new sales records achieved in each of the last six half year periods. Our continued progress in 2012 was very encouraging, especially given the levels of financial uncertainty which affected sentiment for investment in many of our important markets.”
"We continue to believe that our broad range of markets, both in geographic terms and in the number of industries we serve, together with our long-term commitment to research and development, leave us well placed to be more successful than the majority of our competitors. Given the positive start to the year, we expect Delcam to make further good progress in 2013.”
The full report can be found at: www.delcam.com/general/investors/reports/final_report2012.asp
26 March 2013