Unaudited Preliminary Results For The Year Ended 31 December 2017

27th March 2018

SCISYS PLC (“SCISYS”, the “Company” or the “Group”), the supplier of bespoke software systems, IT-based solutions and support services to the Media & Broadcast, Space, Government, Defence and Commercial sectors, is pleased to announce its unaudited Preliminary Results for the 12 months to 31 December 2017.

Results Highlights

  • Revenues up 25% to £57.2m (2016: £45.7m), including professional fees 28% higher at £48.0m (2016: £37.6m)
  • Adjusted operating profit up 44% at £4.6m (2016: £3.2m)
  • Adjusted operating margin increased to 8% (2016: 7%)
  • Adjusted basic EPS up 9% at 10.0p (2016: 9.2p)
  • Statutory operating profit increased to £4.7m (2016: £2.8m) and basic EPS increased to 11.5p (2016: 7.6p)
  • Net debt reduced to £5.9m (2016: £10.2m)
  • Significant contract wins achieved in all divisions, including €18m ground station infrastructure award for the German Heinrich Hertz satellite-communications mission
  • Year-end order book 41% higher at £91.3m (2016: £64.6m)
  • First-time contributor to results, Annova, achieves a critical milestone on its flagship BBC newsroom computer system contract and extends its customer base with N American win
  • Full-year dividend per share up 10% to 2.16p (2016: 1.96p)

See the full announcement for more detail.

" Commenting on the results and prospects, Mike Love, Chairman of SCISYS PLC said: “Our optimism and guidance for 2017 was well placed with the Group delivering a strong overall performance and entering 2018 with a record order book. Buoyant operational cash flows resulted in a substantial reduction in net debt and underpinned a healthy uplift in the recommended final dividend. Going into 2018 the outlook continues to be very encouraging” "

About SCISYS Group:

Employing around 670 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. The Company's registered office is in Dublin, with UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich.