27 February 2007
Encouraging Interim Results
Macro 4 plc today reports its unaudited results for the six months to 31 December 2006.
Macro 4 plc, a leading global vendor of mainframe systems software and document management solutions, today reports its unaudited results for the six months to 31 December 2006.
Key points
- Total revenue maintained at £14.9 million (2005: £14.9 million) despite adverse forex conditions. £6.1 million attributed to new business (2005: £5.8 million)
- Underlying Trading Profit at £2.7 million (2005: £2.5 million). Profit before taxation at £1.3 million (2005: £1.5 million)
- Balance sheet remains strong with no debt and net cash of £3.7 million (2005: £4.7 million) after one-off payments of c. £3.0 million. Underlying trading cash flow remains strong
- Underlying Trading Profit basic EPS of 9.0p per share (2005: 8.4p per share). Fully diluted EPS at 4.4p per share (2005: 4.7p per share)
- Interim dividend increased to 2.50p per share (2005: 2.25p per share)
- Systems Management Products division (SMP): Impressive performance with new business revenue growing 26% to £3.9 million (2005: £3.1 million)
- Document Management Solutions division (DMS): New business revenue of £2.2 million (2005: £2.7 million). Significant global partnership agreement signed with Xerox and name changed from Business Information Logistics (‘BIL’)
- Group Business Services division (GBS): Underlying operating costs reduced to £4.6 million, compared with £4.9 million for the same period last year
- Laurent Berns appointed to the Board in December 2006 with responsibility for the DMS division
Commenting on the results, Ronnie Wilson, Group Chief Executive Officer, said:"Over the last six months the progress we have made in achieving our objectives for the year has been satisfying and we have had a good first half result. The SMP business has passed a number of milestones and metrics the Group set for its progress and this looks set to be maintained.
The DMS division has also performed well and we are satisfied there is good potential in this area of our business.
We consider that we can maintain and build on the achievements of the first half of our fiscal year. We have made a good start and I am optimistic that we can sustain progress."