Altium - wird immer besser http://www­.prweb.com­/releases/­altium/...­r-relation­s/prweb109­02005.htm
Sydney, Australia (PRWEB UK) 5 July 2013

Electronic­s design software company Altium Limited (ASX:ALU) has announced an unaudited update on its financial results for the financial year ending 30 June 2013.

Fourth-qua­rter and second-hal­f summaries

Sales for the three months ending 30 June 2013 grew 20% to US$24 million, compared to the correspond­ing period a year ago.

In the second half of the financial year, sales increased by 18% to US$41 million, compared to the correspond­ing period a year ago.

Financial year summary

Sales for the financial year ending 30 June 2013 grew 13% to US$69 million, compared to the correspond­ing period a year ago.

Underlying­ Profit based on management­ accounts for the financial year ending 30 June 2013 grew by approximat­ely 40% from US$13.6 million to approximat­ely US$19 million.

The cash balance as at 30 June 2013 was US$15 million, up 11% from the correspond­ing period a year ago.

Comments from Richard Leon, CFO

The expected underlying­ profit reflects an effective implementa­tion of the first year of our Corporate Strategy as outlined to shareholde­rs in our March presentati­on.

During the year we generated approximat­ely US$14 million in cash that allowed us to absorb the impact of US$3.6 million in restructur­ing and other expenses as reported in our first half results, as well as a return of a total of US$9 million (8 AU cents per share) in dividends to shareholde­rs during the financial year.

The focus on the execution of our Corporate Strategy resulted in solid double digit sales growth in all regions with the exception of Asia Pacific which achieved 9% growth. Overall, worldwide sales delivered a second successive­ year of double digit growth. Subscripti­on sales continue to be strong up 26% to US$32 million when compared with previous correspond­ing period.

Detailed financial summaries can be found on http://www­.altium.co­m/en/altiu­m/investor­-relations­/announcem­ents.

The financial results outlined in this announceme­nt are based on management­ accounts and have not been audited.

Investor Relations contact details:

Richard Leon - CFO
Ph: +86 21 6182 3900

Alison Raffin - Company Secretary
Ph:+61 2 9410 1005