Birmingham-based CADCAM developer Delcam has announced that it achieved record sales of £41.9 million and record profits of £3.73 million for 2011. Sales increased by 14% over the previous record set in 2010, with growth seen in most of the company’s international markets.
Peter Miles, Delcam chairman, commented, “Progress in 2011 was excellent and Delcam’s results are above market expectations. The current indications are that 2012 should see continued investments in capital equipment and associated software in our key automotive and aerospace markets. At this early stage in 2012, we are continuing to see increases in our sales. With this encouraging start to the year, we anticipate that our trading results for the coming year should show further improvement over those for the last twelve months.”