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Orders roll-in at IT services firm Sanderson

The group is eyeing a number of acquisition opportunities
Digital Retail
The Digital Retail division finished the year strongly

Digital retail technology firm Sanderson Group PLC (LON:SND) said full-year revenue for the year just ended was slightly ahead of expectations.

Revenue in the year to the end of September rose 10% to more than £21mln from £19.8mln the year before.

Adjusted operating profit also rose by more than 10%, to around £3.69mln, from £3.30mln the previous year. The group said full-year profit would be in line with market expectations.

Sales order intake has grown to more than £12 million from £10.03mln the previous year, and has included in excess of £3.8 million of business gained from new customers, nearly double the £2.0 million gained from new customers during the previous financial year.

The group’s order book at the end of September stood at £3.0mln, up from £2.35mln a year earlier. Pre-contracted recurring revenues increased to £10.76 million from £9.85 million the preceding year, representing over 50% of the group’s total revenue.

Sanderson said it had noticed any loss of confidence from existing and prospective customers since the EU referendum vote.

“Sanderson has a strong order book and together with a healthy balance sheet, strong reputation and track record in its markets. The board is confident at this early stage of a new financial year that the group should continue to make further progress during the year ending 30 September 2017,” it told investors.

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