Hansen Technologies Limited (ASX: HSN) is pleased to announce a forecast of its operating results for the full year to 30 June 2009, taking into consideration the acquisition of Peace Software in October 2008
Andrew Hansen, CEO of Hansen Technologies says “The integration of the Peace Software acquisition has been achieved as scheduled.”
Based on internal management accounts, Hansen expects the consolidated group operational result for the fiscal year ended 30 June 2009 to be in the range of:
- Operating revenue - $53 to $55 million
- EBITDA - $13.5 to $14.5 million
- After tax profit - $7.5 to $8.5 million
Andrew Hansen went on to say “The Peace acquisition has increased the number of utility customers served by our group, enhanced our market position in Australia, and added additional geographic diversity to our international operations.
Our company has absorbed the cost of the Peace Software acquisition, continued to deliver strong operational performance, and remained debt free. This is a solid platform from which to continue to pursue our dual strategy of organic growth and strategic acquisition”.
Further details regarding the Company’s performance for fiscal 2009 will be provided in August with the release of the full year’s Annual Report.