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Preliminary Results - year ended
30 September 2009
EDP is an IT solution provider to the UK wholesale distribution industry
and a supplier of Sales Intelligence software solutions more widely.
Financial Highlights:
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Turnover £5.84 million (2008: £6.85 million) reflects
harsh economic conditions generally. |
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Revenue from software and services
down 11%. |
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Strong contracted recurring software revenues maintained
at same level as last year and represent 75% of total revenue. |
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Adjusted operating profit £707,000 (2008: £922,000),
representing an underlying operating margin of 12% (2008: 13.5%). |
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Pre-tax profit £456,000 (2008: £1.065 million excluding
profit on sale of property). |
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Hosting revenues represent 23% of total revenues
(2008: 19%). |
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Redundancy programme has generated annualised savings
in excess of £400,000. |
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Continued R&D expenditure of £1.04 million (2008:
£1.19 million) in year. |
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Share buyback completed in April returned £6.0
million surplus cash to shareholders. |
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After share buyback the Group still has strong
debt-free balance sheet and cash balances in excess of £2.4 million
at 30 September 2009. |
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Final dividend maintained at 2.0p per share. |
Michael Heller, Chairman of
EDP, said:
"Whilst there are some initial
signs of increased activity levels in the markets in which we are involved,
these have not yet translated into increased levels of orders. We do not
expect trading levels to significantly improve until the economy generally
shows signs of sustainable improvement. However, with our latest product
releases, strong recurring revenues and a lean cost base we are well positioned
for the recovery in our markets."
For further information please contact:
Julian Wassell
Chief Executive
Tel: 0114 262 2007
Interim
Management Statement - 17th February 2010 (PDF
Document).
Year
End 2009 Reports & Accounts (PDF
Document).
Preliminary
Year End 2009 Reports & Accounts (Word
Document).
Interim Management Statement - 19th August 2009 (Word
Doc).
Interim 2009 Reports & Accounts (Word
Document).
Notice Of Annual General Meeting 2009 Statement (PDF
Document).
Interim Management Statement - 17th February 2009 (Word
Doc).
Year End 2008 Reports & Accounts (PDF
Document).
Interim 2008 Reports & Accounts (Word
Document).
Year End 2007 Reports & Accounts (PDF
Document).
Interim 2007 Reports & Accounts (Word
Document).
Preliminary Year End 2006 Reports & Accounts (Word
Document).
Interim 2006 Reports & Accounts (Word
Document).
Preliminary Year End 2005 Reports & Accounts (Word
Document).
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To
reserve a copy of the 2009 Report and Acccounts, please contact: |
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| Mandy
Wharton |
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0114
262 2007 |
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0114
262 1269 |
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Administration
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