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Delcam

Companies: DLC   
18/10/2001

Usually one of the most dependable companies on Aim, computer-aided-design and -manufacture (CADCAM) business Delcam has issued a profit warning - of sorts. Chairman Thomas Kinsey explains that 'although the third quarter started well, with July and August being ahead of expectations, sales in the second half of September were below expectations'. As a result, and while a profit is still expected, full year figures 'could be significantly below expectations'. Prior to the announcement house broker Williams de Broe was alluding to a £1.8m pre-tax profit for the period. Meanwhile, the company continues to develop new products. Impending releases include an upgraded version of machining software offering 'PowerMILL' and 'PS-Team', Delcam's in-house project management application, which is being made available to consumers for the first time.

Market cap: £8.8m
PE Forecast: n/a
Share price: 145p

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