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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Maxima Hldgs | LSE:MXM | London | Ordinary Share | GB00B034R743 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2534Y Maxima Holdings PLC 13 June 2007 Embargoed until 0700 13 June 2007 Maxima Holdings plc ("Maxima" or the "Company") Year end trading update Notice of Results Year end trading update Maxima Holdings plc (AIM:MXM), the acquisitive IT solutions and managed services provider, announces an update on trading for its financial year ended 31 May 2007. The Board is pleased to confirm that trading across both operating businesses of the Company (Solutions and Managed Services) has been solid and that it therefore expects revenues, profits and earnings per share to be in line with market expectations. Net debt at 31 May 2007 was #6.5 million. In line with its declared strategy, Maxima successfully completed four acquisitions during the year. Two of these, Cognition Solutions Ltd and SevenThree Ltd are enterprise software solutions businesses with a focus on the construction sector. The other two, IIL (Intertech Solutions Ireland) Ltd and 3net Ltd are managed services businesses specialising in infrastructure software. These acquisitions have now been fully integrated, both at the front office in terms of integrated solutions and managed services to our clients and at the back office in terms of business processes and internal information systems. In total seventy one new customers were won during the year, spread broadly across the different areas of the business. In particular Solutions won eleven new customers for SAP Business One and two for QAD Applications in the Healthcare and Automotive sectors where we have a strong track record; we also won the first contract for our newly launched construction industry software solution based upon Microsoft Dynamics AX. In Managed Services significant new business has been won, particularly as a result of our strong skills in Citrix and Oracle technologies. Within our existing customer base, levels of contract renewals have been high and we are benefiting increasingly from cross-selling of the additional skills and services now available as a result of our acquisition strategy. For example, using the skills of SevenThree Limited acquired in March 2007, we have recently won a major contract for Microsoft CRM (Customer Relationship Management) software from a long-standing industrial client who uses QAD Applications ERP (Enterprise Resource Planning) software. Notice of Results Maxima will announce Preliminary Results for the full year, together with details of the proposed final dividend payment, on 14 August 2007. Kelvin Harrison, Maxima's Chief Executive said: "It has been an exciting year for Maxima as we have acquired and carefully integrated four more excellent businesses. We are now able to offer our clients full end-to-end applications and infrastructure software solutions and managed services. It is also gratifying that the benefits of Maxima's acquisition strategy are now clearly visible in terms of consistent growth and improved profitability. We have started the new financial year with a strong order book and continue to source attractive acquisition opportunities." For further information, please contact: Maxima Kelvin Harrison, Chief Executive 01242 211 211 Linda Andrews, Group Finance Director 0141 880 1000 Cenkos Stephen Keys/Adrian Hargrave 020 7397 8900 Smithfield Tania Wild/Reg Hoare 020 7360 4900 Notes to editors: Maxima Holdings plc floated on AIM in November 2004 at an issue price of 110p. It was established to acquire businesses supplying IT solutions and services, with the objective of building a focused IT services group. On flotation it immediately acquired Azur Holdings Ltd, bringing together a management team with the skill, experience and incentive to deliver significant shareholder value, through a combination of acquisitive and organic growth. The business implements and supports enterprise software solutions for mid-sized, UK-based manufacturing, distribution and service organisations. These solutions are based upon leading software suites as well as products developed in-house. It has since made a further eight acquisitions: *August 2005 - Ringwood Group plc, a specialist in content and document management solutions, based on Microsoft technologies; *September 2005 - Hanston Technology Partners Ltd, a fast growing managed services business providing applications support and consultancy services to Oracle users; *January 2006 - The MFG/PRO business of Seabrook Research Ltd, the sole Irish distributor of MFG/PRO, a manufacturing package for which Maxima was already the sole UK distributor; *May 2006 - QED Business Systems Ltd, which provides managed services for critical mainframe and mid-range computer systems and applications software; *October 2006 - Cognition Solutions Ltd, provider of enterprise software solutions to the construction and facilities management sector; and *November 2006 - IIL (Intertech Solutions Ireland) Ltd, which provides IT infrastructure solutions and managed services based upon Citrix technologies; and *March 2007 - SevenThree Ltd, supplier of customer relationship management software solutions to the construction sector *May 2007 - 3net Limited, an IT Services business, providing consultancy, solutions delivery and managed services in networking and security infrastructure. Maxima has grown to become an IT systems integration and managed services company with a proven track record of delivering innovative and flexible IT solutions and services. Maxima's in-depth knowledge of industry and business, coupled with its skills and understanding of leading software suites such as Oracle, Microsoft and SAP ensures its solutions and services deliver real business benefits. The group prides itself on the quality of its service, which leads to strong customer relationships and high retention rates. This information is provided by RNS The company news service from the London Stock Exchange END TSTSFDFAESWSESM
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