Anite reports profit surge despite ‘challenging year’

Software and solutions company Anite today reported a 62% rise in annual pre-tax profit to £16 million from £9.9 million.

The result for the year to April 30 covers a period when the company clinched a multi-year contract with Tui Travel to implement its @comRes system in UK and Ireland. Anite described the 12 months in travel as being a “challenging year” but with “tangible progress” made.

The company, which runs three divisions including travel and wireless technology, closed its financial year with an order book worth £63.2 million, up from £49.2 million a year earlier.

Chief executive Christopher Humphrey said: “Our travel business is in the middle of a transition between older legacy technology and a new more flexible and scalable platform. We look to build further value in this business through this transition.

“Our travel business, which over recent years had lost customers through business failures and continuing market consolidation, has weathered the storm and is now in much better shape.
“It is now firmly established with Tui, Europe’s largest travel operator. This relationship was further strengthened when [the] travel [division] signed a contract with the UK & Ireland division of the Tui business at the end of the year.”

He added: “Anite reported strong growth in the year and made good progress in all three businesses.

“For 2012, we believe that there are good growth prospects led by the wireless division. The group has made an encouraging start to the new financial year. We remain optimistic about Anite’s future progress.”

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