Share Search
Visit the Share Search
Elecosoft 2019 results seen in line with market views
21st Jan 2020 13:46
(Sharecast News) - Construction software specialist Elecosoft said on Tuesday that results for the year to the end of December are expected to be ahead of the prior year and in line with market expectations despite "difficult" trading conditions.
In a brief year-end trading update, the AIM-listed company said it had "significantly" improved its cash generation.
Chairman John Ketteley said: "Elecosoft remained resilient throughout 2019 despite adverse exchange rate movements and delays and hesitations occasioned by Brexit in the placing of orders by companies in the construction, manufacturing and retail sectors, all of which are served by Elecosoft."
At 1345 GMT, the shares were down 4.2% at 83.34p.
In a brief year-end trading update, the AIM-listed company said it had "significantly" improved its cash generation.
Chairman John Ketteley said: "Elecosoft remained resilient throughout 2019 despite adverse exchange rate movements and delays and hesitations occasioned by Brexit in the placing of orders by companies in the construction, manufacturing and retail sectors, all of which are served by Elecosoft."
At 1345 GMT, the shares were down 4.2% at 83.34p.