Back to all announcements

Systems Union Group plc Interim Results for the six months ended 30 June 2004

Systems Union Group plc, the global financial software vendor, today issued
its unaudited Interim Results.

Highlights

* Successful acquisition strategy has driven considerable growth
* Revenue up 50% to £51.0 million (2003: £34.0 million)
* EBITDA* up 57% to £6.3 million (2003: £4.0 million)
* Operating cash flow up 35% to £5.0 million (2003: £3.7 million)
* PBT* up 37% to £2.7 million (2003: £2.0 million)
* Adjusted EPS* up 32% to 4.9p (2003 restated: 3.7p)
* First interim dividend of 0.5p per share (2003: nil)
* Business Intelligence Division enhanced with acquisition of Lasata

* before restructuring charge of £1.3 million


Paul Coleman, chief executive officer of Systems Union Group plc, said:
"Through acquisitions, alliances and investment in R&D, Systems Union has
built a comprehensive portfolio of financial management and business intelligence software solutions. The Board remains confident about future
income and profitability."