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Craneware shares advance on positive full year results

“It is clear that the investments we have made into the organisation's design, people and products are delivering excellent results"
Craneware shares gained 8%

Craneware PLC (LON:CRW) shares advanced in Tuesday’s early deals following the release of final results.

Revenue, for the 12 months ended June 30, increased by 16% to US$67.1mln up from US$57.8mln in the preceding year. Earnings (adjusted EBITDA) rose by 20% to US$21.6mln, from US$18mln, and pre-tax profits were up 12% to US$18.9mln from US$16.9mln.

"While the past year has been outstanding in terms of financial results and operational progress, this is by no means the end of the journey and we are excited by the far greater opportunity that lies ahead,” said Keith Neilson, Craneware chief executive.

READ: Tuesday’s stock market movers report

“It is clear that the investments we have made into the organisation's design, people and products are delivering excellent results, and we will continue to invest in our people and business to ensure we have the capabilities to succeed.”

Neilson added: “With an ongoing, growing market opportunity, a record sales pipeline and increasing long-term revenue visibility, we enter the new financial year with great confidence for the future and the ongoing success of the business."

Craneware shares gained 185p or 8% to change hands at 2,475p.

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Craneware plc Timeline

February 02 2016
March 11 2014
January 21 2013
November 08 2012
February 28 2012

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