16-Jan-2020 03:53:58

Asite announces 20% revenue growth in 2019 Annual Report

Posted by Tom Coleing on 16-Jan-2020 03:53:58
Tom Coleing

London, United Kingdom – Asite is pleased to report that the Group has continued its growth and continued to strengthen its global footprint over the past 12 months.  For the year ended 30 June 2019, revenue increased by 20.4% to £9,638,308 (2018 - £8,004,773) and operating profit increased 83% to £2,484,169.

 

Nathan Doughty, Group CEO of Asite, said:

“Asite’s vision is to connect people and help the world build better. 

The Asite platform continues to push the boundaries of research and innovation in the field of digital engineering on behalf of our customers.  This positions us well to deliver on our strategic plan to become the global leader in digital engineering by integrating supply chains for capital projects and infrastructure developments worldwide.

Our offices across the globe now give us the geographical coverage to fully support our customers worldwide and through investment in our sales and marketing teams within these offices, to achieve our ambitious revenue growth goals.”

Key figures:

  • Organic net revenue growth 20.4% to £9,638,308 (2018 - £8,004,773)
  • Operating profit increase of 83% to £2,484,169 (2018 - £1,357,702)
  • Full-Year revenue split by region as follows:
    • UK/Europe - £7,554,115 (78%)
    • APAC - £1,106,580 (11%)
    • North America - £797,389 (8%)
    • India - £180,224 (2%)

The 2019 annual report provides extensive information on the company and its businesses, its strategy and sustainability approach, its achievements, financial performance and governance. The report can be accessed on the following link: Asite 2019 Annual Report.

 


 

About Asite

Asite’s platform enables organizations working on large capital projects to come together, plan, design, and build with seamless information sharing across the entire supply chain.

Asite SCM is our supply chain management solution, which helps capital project owners and Tier-1 contractors to integrate and manage their extended supply chain for delivering on capital projects. Asite Common Data Environment is our project portfolio management solution, which gives you and your extended supply chain shared visibility of your capital projects. Together they enable organizations to build digital engineering teams that can deliver digital twins and just plain build better.

The company is headquartered in London’s Tech City and has regional offices in New York, Houston, Dubai, Sydney, Hong Kong and India.

For more information about Asite please contact sales@asite.com.