LogicaCMG cites operating profitability
Hits market targets
LogicaCMG claimed a “significant improvement in operating profitability” in 2005 in a trading statement this morning.
The services group, which completed its acquisition of French services group Unilog earlier this month, said overall operating results were “in line with market estimates”, with organic revenue growth of 5 per cent on 2004. That year it turned over £1.7bn with pre-tax profits of £42.2m.
While 2005 went smoothly at LogicaCMG’s UK, Dutch, and Iberian operations, it said “Germany remained difficult”. Preliminary results are due 1 March.®