Annual report 2017

SCISYS ANNUAL REPORT AND FINANCIAL STATEMENTS 2017

 

INNOVATIVE.
GROWING.
SCISYS
 
30 YEARS OF
LONG-TERM GROWTH

 

 

 

ANNUAL REPORT AND FINANCIAL STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2017

The SCISYS Group is a leading developer of IT solutions and services.


We develop robust, real-world application solutions and products and provide supporting
services that create real business benefit to a wide range of customers in diverse markets.

 Revenues up 25% to £57.2m (2016: £45.7m), including professional fees 28% higher at £48.0m (2016: £37.6m)

 Adjusted operating profit up 44% at £4.6m (2016: £3.2m)

 Adjusted operating margin increased to 8% (2016: 7%)

 Adjusted basic EPS up 9% at 10.0p (2016: 9.2p)

 Statutory operating profit increased to £4.7m (2016: £2.8m) and basic EPS increased to 11.5p (2016: 7.6p)

 Net debt reduced to £5.9m (2016: £10.2m)

 Year-end order book 41% higher at £91.3m (2016: £64.6m)

 Significant contract wins achieved in all divisions, including €18m ground station infrastructure award for the German Heinrich Hertz satellite-communications mission

 First-time contributor to results, Annova, achieves a critical milestone on its flagship BBC newsroom computer system contract and extends its customer base with North American win

 Full-year dividend per share up 10% to 2.16p* (2016: 1.96p)