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Flomerics Posts Strong Fiscal Growth in 2005
Posted Mon March 06, 2006 @06:22PM
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News Flomerics Group PLC, supplier of virtual prototyping software to the electronics industries, has announced its 2005 financial results. Overall revenue was up 12% from 2004 to £11.4 million.

Flomerics has maintained its position as the global market leader in thermal analysis for electronics with its flagship product, FLOTHERM. The Company has recently been tackling thermal issues earlier in the design cycle, in particular with its FLO/PCB product released in 2004, and this has strengthened the market position of FLOTHERM itself. Revenue from the thermal product lines increased by 6% relative to 2004.

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Revenues from the other long-established business line in building services, with the product FLOVENT, grew by 3%. The Company maintains a very significant commitment to R&D on these and associated products, which are expected to continue providing a strong foundation for the development of business in complementary areas for many years to come.

For some years we have been investing in products for electromagnetic analysis of electronics, initially with our acquisition of Micro-Stripes and then with the development of FLO/EMC. It has been very encouraging to see revenue from the electromagnetic product lines increase by 13% as they are increasingly recognised as providing valuable tools, e.g. for addressing large-scale electromagnetic interference problems in the defence sector. We continue to invest in expanding our resources for sales and support of these products around the world.

Turnover in each of our regions of operation (US, Europe and Asia Pacific) excluding MicReD has grown at the same rate and I am particularly pleased that there has been an increase in contribution from each of the Company’s major lines of business. I am also pleased to see increasing opportunities for us to sell a suite of tools to the same customer, as was done with the significant order of over €300,000 from Galileo Avionica in 2005.

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Flownex Acquires the FLO++ CFD Solver | FLUENT for CATIA V5 Released  >


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