Sanderson revenue up by a third after Anisa acquisition
Source - SMW
Sanderson, the software and IT services business, increased its revenue by approximately one third in the four months to the end of January.
Excluding Anisa, which it acquired in November, like-for-like revenues are around 5% ahead and operating profit is approximately 10% ahead of the comparative results for the four-month period to the end of January 2017.
The like-for-like order book is over 20% ahead of the level as at the end of January 2017.
Chairman Christopher Winn said the group's digital retail businesses has seen a number of new customer prospects and continued strong levels of activity.
The Sanderson Enterprise businesses have made a solid start and sales prospects are well ahead of last year, though sales cycles remain protracted. A new digital platform for the wholesale distribution market was announced at the beginning of the financial year. Winn said this has been very well received by existing and prospective new customers with overall interest ahead of expectations.
Following the acquisition of Anisa, the group's pre-contracted recurring revenues now represent around 55% of total revenue.
A recommended final dividend of 1.55 pence per share will make a total dividend for last year's results of 2.65 pence per share, representing an increase of over 10% from the previous year.
At 9:17am: (LON:SND) Sanderson Group PLC share price was +3.5p at 89.5p