GBFR
Investor Centre
Search:

Highlights

  Year ended
31 December
2011
£m
Year ended
31 December
2010
£m
Change
Revenue 31.72 33.13 (4)%
Profit before tax 3.86 5.62 (31)%
Adjusted EBITDA* 6.12 8.45 (28)%
Annualised recurring contract revenue (constant currency) ** 29.41 28.35 +4%
Earnings per share - basic 4.8p 6.8p (29)%
  - adjusted* 5.7p 8.2p (30)%
Dividend per share – total for year 2.6p 2.4p +8%

Highlights

  • Annualised recurring contract revenue up 4% to £29.41 million (2010: £28.35 million **)
  • Maintained high renewal rate on recurring contracts at 92% (2010: 92%)
  • Annualised recurring contract revenue for StatPro Revolution of £0.47 million (2010: nil)
  • Adjusted EBITDA* reduced by 28% to £6.12 million (2010: £8.45 million) in year of increased investment in cloud technology solution
  • Cash flow from operating activities (before exceptional items) of £10.37 million (2010: £10.66 million)
  • Net debt reduced to £3.40 million (2010: £5.52 million) and represents 0.56 times adjusted EBITDA (2010: 0.65)
  • Total dividend increased by 8% to 2.6p (2010: 2.4p)

* Adjusted EBITDA and adjusted earnings per share are EBITDA and earnings per share after adjustment for amortisation of acquired intangibles, share based payments and exceptional items.

** Annualised recurring contract revenue is revenue contractually committed at year end. Comparative is at constant currency.