GRAITEC Group News
GRAITEC Group reports excellent revenue growth (+24%) for its 20th year in the construction software business
Paris, March 27, 2007 - GRAITEC, a European developer of 3D modeling, structural design and automatic drawing generation software for construction professionals, reports above target revenues of 11, 95 million euros for the fiscal year ended December 31, 2006. The turnover has increased by + 24% compared to 2005 results.
Good operational progress in 2006
GRAITEC performed well against its 2006 plans:
Both Europe and Americas have delivered excellent organic growth in the range of 24%
GRAITEC has strengthen its international position with client wins in several countries including Australia, Baltic countries, Chili, Colombia, Indonesia, Mexico, New Caledonia, Puerto Rico, Russia, South Korea, Venezuela
EBIT margin has increased in all GRAITEC software activities: CAD, CAE and engineering services
Advance Design, a new generation of structural analysis software was introduced in Europe. Advance Design is part of a European innovative project and holds the EUREKA technical seal (FT-EXPERT 33 35 Project).
Excellent revenue growth in all countries
GRAITEC Americas has exploded with a global +49% growth of their turnover, achieving an amazing +76% growth in the USA. North America is now the second best selling Advance Steel subsidiary.
GRAITEC France has performed with steady growth in a competitive environment and still accounts for over one third of the group's results. With over 29% growth in sales, the ARCHE software proves once more its ability to meet the most demanding Civil / Building engineering design offices' needs in regards to efficiency and security, both in loads distribution analysis and concrete reinforcement drawings creation.
GRAITEC Czech Republic has achieved a striking +64% growth in its turnover compared to 2005. AB Studio, the Czech subsidiary has also won the title of best Autodesk reseller in 2006 for Eastern Europe.
GRAITEC Germany has delivered a 10% growth in turnover and did particularly well in the second semester allowing the group to forecast an interesting 2007 year. Originally developed in Germany, Advance Steel is performing well in its home country, in Switzerland and in Austria. This area remains the number one in Advance Steel sales.
Indirect sales revenues have grown by 21% and GRAITEC expects a boost in 2007.
Although dedicated to R&D, GRAITEC Romania has started developing sales activities with good results.
Francis Guillemard, CEO of GRAITEC, commented: "GRAITEC achieved very good strategic and operational progress last year. In 2007, we look forward to capitalizing on the international growth opportunities available to us and further enhancing our GRAITEC Advance software suite. Actually, we aim to deliver next year a 50% revenue growth and increase our R&D investments by 15% compared to 2006."