Vero Software share price has traded Up 0.50p to 18.00p
Vero Software Plc is a company that creates and distributes software for aiding the design and manufacturing process in specific sectors of the industry. The specific sectors include the design and manufacture of plastic injection moulds, sheet metal stamping dies, progressive dies, shoe moulds, electrode production, multi-axis laser cutting, Wire EDM and others. These widespread product types are in turn to be found in a multitude of manufacturing industry sectors such as automotive, electronic, medical, white goods and aerospace.
Vero Software has offices in Italy, England, Japan, France, Canada, USA and China. The company now has a user base that numbers more than 20,000 and supplies products to more than 40 countries through its wholly owned subsidiaries and competence centres.
Vero trades its shares on the AIM the ticker is VERO there is indeed an opportunity to Buy for growth as the Share Price is trading at only 18.00p with a Market Cap of £6.61 million..
The most recent news from VERO is the Preliminary results for the year ended 31 December 2007
Financial and operating highlights:
Revenue increased by 15% to 12.7m (2006: 11.0m), representing record growth, [on a constant currency basis, turnover increased by 18% ]
EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 40% to 1.9m (2006: 1.3m)
Operating Profit rose 30% to 1.3 million (2006: 1.0m)
Pre-tax profit of pound;1.1 million (2006: pound;0.9 million)
Basic earnings per share of 1.79p (2006: 1.51p), an increase of 19%
Successful integration of previous acquisitions resulting in the worldwide introduction of two new product sectors covering plastic flow analysis and complex laser cutting
A successful re-branding to the modernised Vero Software image which has brought significant additional recognition and acclaim
The shares are well worth holding as part of your portfolio ///.