Civica announces its interim results
Civia are pleased to present interim results for the Group for the six months to 31 March 2005, during which we entered our second year as a public company with an encouraging performance.
Trading Performance
During the period, turnover was L49.6 million. Operating profits before amortisation, exceptional items and Long Term Incentive Plan ("LTIP") charges rose to L5.5 million, ahead of expectations as reflected by budgets for the full financial year. The focus on owned software related activities supported a growth in operating margins to 11.2% (2004: 8.4%). Basic earnings per share grew to 6.4p. The statutory operating profit was L1.8 million (2004: L0.7 million).Download Interim Results Release here...
Acquisition
The Company is pleased to announce separately today its acquisition of Flare Software Systems (UK) Ltd., a specialist supplier of information systems and related services for UK local government, for a total maximum consideration of L9 million.Download Flare Acquisition Release here...
About Civica plc
Civica (www.civica.co.uk) is one of the UK’s most experienced providers of consulting, software systems and managed services to the public sector. The company has a 20-year history of supplying local government (parking), police, healthcare, criminal justice and education organisations in the UK, Australia and the USA. UK customers include approximately 75 per cent of local authorities, 47 of the 53 police forces, more than 250 NHS Trusts and over 30 Local Education Authorities, while in Australia the group is one of the leading local government software suppliers. Civica Services Ltd is an approved prime contractor for software in the GCat government procurement catalogue. Overall the company employs approximately 550 people and has a recent track record of profits growth.
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