FY20 adjusted PBT up 10% as H2 sales turn positive
Eleco impressively reported today that it had ended 2020 strongly. With H2 turnover climbing +6% sequentially vs H1 and +2% LFL to £12.9m, and FY performance broadly flat (-1%) at £25.1m. Moreover adjusted PBT rose 10% (at least) to £4.6m, reflecting favourable operating leverage & tight cost control. Going forward, we anticipate continued progress in 2021 and accordingly value the group at a conservative 115p/share.Autodesk is a design software and services company. The company is engaged in 3D design, engineering and entertainment software and services. The company's product offerings include: AutoCAD, which is a customizable and extensible CAD application for design, drafting, detailing, and visualization; AutoCAD Civil 3D, which provides surveying, design, analysis, and documentation solution for civil engineering; CAM Solutions, which is a computer-aided manufacturing software that provides solutions for computer numeric control machining, inspection, and modeling for manufacturing; and Inventor, which provides tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation.
Elecosoft is a provider of integrated software applications and related services to international architectural, engineering and construction marketplaces and property management industries. Co. develops its specialist software through its own development teams in Sweden, Germany and the UK. Co. services its customers directly in its primary markets of Sweden, Germany, Benelux, the U.S and the U.K and indirectly to its non-core markets through a network of channel partners.
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