11th Jan 2007 07:32
Flomerics Group PLC11 January 2007 For immediate release Thursday 11th January Flomerics Group plc Trading Update 2006 Flomerics Group plc, the global supplier of simulation software, announces atrading update as it enters a close period for the year ended 31 December 2006. The Board is pleased with the company's overall performance in what has been ayear of major transition following the acquisition of Nika GmbH in July. Whilstthe integration of this business is at an early stage, good progress has beenmade with use of the combined sales channels for the enlarged product base. The performance from the Nika line of products has been encouraging with betterthan expected sales from the launches in the US and the UK. This bodes well for2007 when we shall have increased sales resources in these territories. The MicReD line of business has performed ahead of expectation, again with veryencouraging results from the launch of this product in the US. Revenues are expected to be in line with market expectations. Profit before tax,goodwill and exceptional costs (including certain costs relating to theintegration of the acquisition) is also in line with market expectations. The Company currently has a healthy sales pipeline and enters 2007 withconfidence. The company expects to announce full year results for 2006 in early March 2007. For further information please contact: Chris Ogle Flomerics Group PLC 020 8941 8810 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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