Dillistone Group reports record profits & high turnover

Dillistone Group, the only global supplier of Executive Search software and services, has announced that it has reported record profits and high turnover for the year that ended on the 31st December 2007

Dillistone Group, the parent of the Dillistone Systems Group of companies and a specialist supplier of software and services to the global executive search industry – is pleased to announce its preliminary results for the year that ended on the 31st December 2007:

2006 2007

• Revenue +23% £4.07m £3.30m
• Profit before tax +30% £1.20m £923k
• Profit after tax +26% £804k £637k
• Earnings per share (basic) +24% 14.9p 12.0p
• Cash at Bank +185% £1.534m £539k
• Recurring revenues increased by 29% to £1.67m, representing 41% of total turnover
• Proposed final dividend of 6p per share recommended, making total dividend for year of 8.5p
• Clients in over 50 countries worldwide.

Commenting on the results, Jason Starr, Managing Director, said:

“We are very pleased with the continued global growth of Dillistone in 2007. Particularly significant is that 7 out of our 25 largest implementations within the period were into the world’s ‘emerging markets’ and that many major contracts were won where clients moved over to Dillistone from direct competitors. This is an endorsement of our position as the market leader in the global Recruitment Software industry.”

He stated that “revenue growth has been complemented by an enhanced operating margin and strong profits, demonstrating a robust performance across the business. The Group has been very cash generative and gives us a strong platform to continue to develop in 2008 despite the economic uncertainty seen recently in world markets.”

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