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Delcam

Companies: DLC   
01/02/2002

Delcam has bounced back from an October profit warning by revealing that second half figures to March are now likely to be better than previously expected. The original warning arrived after a number of customers delayed buying decisions in the wake of 11 September. However, management now says that the recovery was 'much faster than anticipated'; indeed, it seems as though Delcam achieved record sales of its power solutions computer aided design/manufacture software in December. Managing director Hugh Humphreys professed to being particularly pleased by the fact that these figures 'were the result of a general increase in activity...rather than being a consequence of any single large order'. Prior to October's warning house broker Williams de Broe had been expecting a £1.8m (£1.64m) profit before tax for the year to March. In the aftermath this forecast was slashed to £600,000. It has now been upgraded slightly to £850,000.

Market cap: £10.3m
PE Forecast: 18.1
Share price: 170p

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