smartFOCUS Group plc
PRELIMINARY RESULTS ANNOUNCEMENT for the year ended 31 December 2007
smartFOCUS Group plc (AIM : STF) (“smartFOCUS”, the “Company” or the “Group), the international provider of multi channel marketing software, is pleased to announce its preliminary results for the year ended 31 December 2007.
Highlights
• Profit before tax (and non recurring costs) more than doubled to £1.7m (2006 : restated £0.8m)
• Strong revenue growth, up 25% to £11.5m (2006 : £9.2m)
• Diluted EPS of 1.00p per share, up 41% (2006: restated 0.59p)
• Net cash of £1.3m (2006 : £0.8m)
• Recurring revenue at 41% of total revenues, up 33%
• Significant new client wins including: Estee Lauder, Champion, Next, Rabobank, Lego, AXA, Aegon and ASOS
• Over 60 partners in global partner network, up 20%
• New partner territories established in: Singapore, India, Spain and Scandanavia
• Largest licence contract win in company history with major European bank
• Growing opportunities in pipeline supports positive 2008 outlook
Commenting on summary & outlook, Chris Underhill, CEO of smartFOCUS said:
“The Company delivered a strong performance, doubling its profits to £1.7m and growing its revenue by 25%, while making good progress in the execution of its strategy, to build its critical mass, product scalability and distribution channels internationally. The Company sees an increasing number of organisations adopt digital and multi channel marketing presenting smartFOCUS with significant opportunities for future growth. The Board remains positive about the year ahead with greater visibility of revenues and a growing pipeline.”
To view the full announcement please follow this link
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Enquiries:
smartFOCUS Group plc
Chris Underhill, Chief Executive
Neil Thomas, Finance Director
Buchanan Communications
Tel No: 020 7466 5000
Lisa Baderoon
Arbuthnot Securities Limited
Tel No: 020 7012 2000
Tom Griffiths