Preliminary results for the year ended 31 December 2005
Friday, March 03, 2006
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HIGHLIGHTS
• Strong sales growth delivers margin and profit growth
• Group sales up 34% to £58.1m (2004: £43.4m)
• Revenue up 35% to £55.6m (2004: £41.2m)
• Deferred revenue increasing to £19.0m (2004: £13.9m)
• Normalised Operating Margin ** at 19.1% (2004: 13.7 %). Operating Profit before financial income margin 14.3% (2004: 10.6%).
• PBT Normalised * £10.6m (2004: £5.7m). PBT increases by 64% to £8.4m (2004: £5.1m)
• Cash Generated from Operations increased to £17.1m (2004: £7.4m). Acquisition of both Butler Group and Verdict largely funded from own cash resources
• Normalised diluted earnings per share increased to 10.50p (2004: 5.49p). Diluted earnings per share 9.46p (2004: 9.24p).
Commenting on the results, Bernard Cragg, Chairman of Datamonitor, said:
"The results for 2005 represent another successful year for Datamonitor. 2005 has been a year in which the Group delivered strong organic growth, achieved a significant improvement in operating margin and demonstrated its ability to successfully integrate, manage and improve earnings from its recent acquisitions. ….The business is now a year ahead of our previous expectations."
* PBT Normalised is before amortisation of acquired intangible assets and the charge relating to share-based payment transactions (refer to the Finance Director’s Report)
** PBT Normalised expressed as a percentage of total revenue |
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