The implementation was really very painless and easy. Very little work was needed prior to implementation and use of the system was quickly adopted. After a few weeks we completely stopped the printing of any Purchase Orders promoting savings in both time and paper. It has been a real success.
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Sanderson Group Plc - Interim Results
For the period ended 31 March 2009
Sanderson Group plc (“Sanderson” or “The Group”), the software and IT services business specialising in the multi-channel retail and manufacturing markets in the UK and Ireland, announces interim results for the six months ended 31 March 2009.
Highlights
• Revenue of £13.0m (2008: £13.0m)
• *Adjusted operating profit of £1.1m (2008: £2.0m)
• Loss from operating activities of £1.1m
(2008: profit of £1.4m)
• * Adjusted earnings per share of 0.5p (2008: 3.2p)
• Basic loss per share of 4.6p (2008: 1.9p earnings)
• Interim Dividend per share of 0.2p (2008: 1.2p)
• Cash generated from operations of £1.5m
(2008: £1.3m)
• Net debt significantly reduced to £9.5m
(2008: £12.5m)
*Before amortisation of acquisition related
intangibles, impairment of goodwill and share
based payment charges.
On current trading and the outlook, Mr Christopher Winn, Executive Chairman, commented:
“We believe that our focus on core markets and the continuing development of solutions relevant to customers operating in these sectors will deliver improved financial performance and enhanced shareholder value. The short term goal remains the reduction in debt levels as quickly as trading conditions allow.
Notwithstanding the slowdown in the general economy the Group has a robust business model with a focus on its strong client base. The Group has concentrated on providing additional products and services to customers and together with the cost savings already implemented, this should ensure that the Group produces an improved trading result for the second half of the financial year.”
Enquiries:
Christopher Winn, Executive Chairman
Adrian Frost, Group Finance Director
Sanderson Group plc 02476 555466
Mark Taylor / Freddy Crossley
Charles Stanley Securities 020 7149 6000
Paul Vann/Tom Cooper 0117 920 0092 or
Winningtons Financial 07768 807631
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