Peachtree 2012 Annual Report Download - page 35

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Ivan Epstein, Chief Executive Officer, AAMEA
Strategic highlights
• Expansion into Africa continues to deliver strong growth and remain a key
opportunity for the future
• Sage ERP X3 has delivered exceptional growth in South Africa, with 100 new
customers added
Strategic priorities for FY13
• Integration of our South Africa payments offering, NetCash, into our core
accounting and ERP solutions
• Rebranding of Softline in South Africa to Sage to leverage the global brand
Key data
£ m 2012 2011
Revenue £152.7m £138.2m
EBITA £41.2m £34.2m
EBITA margin 27% 25%
Country revenue
South Africa 58%
Australia 31%
Middle East and Asia 11%
AAMEA
Total revenue in AAMEA grew by 10%* to £152.7m (2011: £138.2m*).
Organic revenue grew 12%* (2011: 10%*). Organic subscription
revenue showed strong growth of 15%* (2011: 13%*), while organic
software and software-related services revenue grew by 8%*
(2011: 6%*).
South Africa continued to deliver strong organic revenue growth of
16%*. Our core mid-market products such as Pastel and VIP have
performed well in the year, and Sage ERP X3 has made signicant
progress in the country during the year. Sales into the broader
African continent have continued to grow well and remain a good
future opportunity.
Australia grew by 7%* led by good growth in subscription revenue
from our key products in the country. Together, our Middle East
and Asian businesses grew by 4%*, with a particularly strong
performance in Singapore.
The EBITA† margin was 27% (2011: 25%*), reecting strong revenue
growth and cost discipline.
The following pages illustrate how we
are giving small and medium sized
companies the condence and freedom
to be successful
Our business in action
Overview
Performance
GovernanceFinancial statements
33
The Sage Group plc | Annual Report & Accounts 2012