By using a Sanderson system we can manage our selling operation more cost effectively and productively. The solution is a key factor in achieving the kind of service levels and customer retention on which our success is based.

M&M Direct Ltd

Download
Annual Report
04-05

Sanderson Group plc - Maiden Annual Results

Year Ended 30th September 2005

Sanderson Group plc (‘Sanderson’ or ‘the Group’), the software and IT services business specialising in commercial markets in the UK and Ireland, announces its maiden annual results for the year ended 30 September 2005. Sanderson provides software and IT services to businesses with annual revenues between £5 million and £250 million.

Key Points

• Pro forma* turnover at £15.46 million (2004: £15.43 million)
• Pro forma* operating profit at £2.80 million (2004: £2.79 million)
• Pro forma* profit before tax at £2.70 million (2004: £2.70 million)
• Strong cash generation with net cash flow from operating activities at 106% of operating profit before amortisation
• Total net debt reduced from £18.7 million to £1.6 million.
• Statutory turnover for the period was £15.46 million and the loss before tax was £482,000.
• Proposed final dividend of 1.4 pence per ordinary 10p share making a total for the year of 2.5 pence.
• First acquisition successfully integrated and performing well.
• Over £2 million of orders from new customers, a 17% increase on the previous year.

Commenting on the results, Christopher Winn, Chairman, said:
“Sanderson continues to generate organic growth in the majority of the markets it serves, with strong profitability and cash flow underpinning the overall result. Over the last twelve months, Sanderson has been successful in gaining a number of new clients as well as enhancing the product and service offerings provided to existing clients. Our first acquisition has been successfully integrated and is performing well.

We are pleased to propose a final dividend and we believe that the continued development of the business and the solid financial performance provide a strong platform for future growth and enhancement of shareholder value. Our strategy is to develop the Group by delivering organic growth with good profitability from the existing business and by making complementary acquisitions”.

*Pro forma information shows the results for Sanderson as if it had been trading in its current form for the full twelve month period.

Enquiries:

Christopher Winn, Executive Chairman
Tel: 02476 555466

David O’Byrne, Managing Director
Tel: 01709 787787

Adrian Frost, Finance Director
Tel: 01709 787787

Paul Vann/Victoria Stephens – Winningtons Financial
Tel: 020 7153 1482

Download a copy of the report

Multi-channel sales solutions
Delivering results

Manufacturing solutions.
Achieving competitive advantage

Get in touch
Email Sanderson,
request a call back
or call us on
024 7655 5466.