SciSys on the acquisitions trail

Tuesday, 22nd January 2013

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Software systems supplier SciSys said would consider further acquisition opportunities in 2013, adding that its pipeline and order book for the year was “healthy”.

The Chippenham-based business said it expects to report EBITDA in line with expectations for the year to 31 December 2012, with its government and defence and media broadcast divisions finishing the year “on a strong footing”.

It added its applications management division performed in line with expectations and said there was a “strengthening performance” from its space division. But its environment division’s order book “remains uncertain”.

SciSys said the integration of MakaluMedia, which it acquired in October, was “going well” but it would not have made a material contribution to profit in 2012. The company added it would continue to monitor acquisition opportunities in 2013 which will be pursued “where strategically appropriate”.

Chairman Mike Love said: “Despite several challenges during the second half I am pleased that our full year results for 2012 are in line with expectations and that the company has been able to deliver another good performance, yet again demonstrating the underlying resilience of the SciSys business.

“Our key focus remains further margin growth.”

SciSys is set to report its full year results in March.

 

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