CAE jumps £130 million barrier

CAE Technology Services saw revenue pass the £130 million threshold a year after its management buyout.

Sales for the 12 months ending June 2019 climbed 28 percent to £132 million, while international sales shot up 184 percent to £13.7 million (10.3 per cent of total turnover).

Operating profit was up 69 percent to £3.9 million.

CEO Justin Harling said: “We know the business has huge potential and we are delighted that the figures illustrated what can be achieved in both the short and long term for CAE, especially in a year that included our MBO.

Harling and COO Richard Behan completed a management buyout of CAE in November 2018, not long after the Cisco partner crossed the £100 million revenue threshold.

“CAE is ready to go with an enhanced top team that can scale the business and take it to the next level”, Harling said.