A meeting for shareholders and Board of Directors of Cadac Group took place on May 21th 2012. During this meeting the financial results of 2011 were presented. Both the shareholders and the Board of Directors gave the Annual Report their approval.
Click here for the 2011 Annual Report [Dutch] »
Our 25th anniversary year was the best ever.
Year 2011, was not only our 25th anniversary, but also just like 2010 the best year ever in terms of turnover and result for Cadac Group Holding BV. All activities, except for Cadac Group BSD, contributed to meet our goals. Cadac Group Holding BV has achieved a higher growth than the industry average and also a higher growth than its main supplier Autodesk. Cadac Group Holding's turnover increased with 4.7% compared to 2010 to approx. € 29.0 million in 2011. Profit grew with approx. 25% from € 2.4 million in 2010 to over € 3.0 million in 2011. EBITDA grew from € 3.5 million in 2010 to approx. € 4.0 million in 2011.
A declining AEC market.
Unlike the profitable Cadac Group Manufacturing division, which recently won some Autodesk awards, the construction division, Cadac Group BSD had to cope with economic downturn in the Architecture, Engineering & Construction market in 2011, allowing software sales declined. With the acquisition of NPQ CAD Solutions in January 2012 and better collaboration between Cadac Group BSD and NedGraphics BV, a subsidiary of Cadac Group Holding BV, the new Cadac Group AEC division now holds all the cards to be the best all-round AEC Autodesk partner to operate in the market.
Cadac Organice profitable for the first time.
The Cadac Organice activities were ‘overall’ profitable in 2011. Both nationally and internationally, more and more leading companies choose Cadac Organice software for Engineering Document Management & Collaboration.
Growth for NedGraphics BV.
Governments are making big cuts on all fronts nowadays so suppliers have a hard time. Nevertheless NedGraphics BV has managed to increase its turnover in 2011 for the sixth year in a row.
Both revenue and turnover have increased significantly in the first four months in 2012, compared to the first four months of our anniversary year in 2011. All activities of Cadac Group Holding now contribute to our result. Despite this excellent result of the first four months, management does not make any predictions for the rest of the current calendar year because of the uncertain economical situation in Europe. However, the position of Cadac Group Holding in this economical time is better than its peers because of the variety of operations and markets and a solid financial base.
Cadac Group Holding BV
Chief Executive Officer