Peachtree 2013 Annual Report Download - page 39

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Regional performance continued – AAMEA
Total AAMEA underlying revenue grew by 8%
to £151.0m (2012: £139.8m), and organic revenue
grew by 9% (2012: 12%). Organic recurring revenue
grew by 11% (2012: 15%), and organic SSRS
revenue grew by 7% (2012: 8%).
South Africa delivered organic revenue growth
of 14% (2012: 16%), which reflects the success of our
core mid-market products, particularly Sage ERP X3,
Sage Evolution and People Payroll. The wider African
continent delivered 22% revenue growth in the year
and continues to represent an important opportunity
for our South African business, particularly as a source
of SSRS revenue.
Highlights
– Strong double-digit organic growth from South Africa of 14%,
led by the performance of mid-market products;
– Africa delivered 22% organic revenue growth in the year; and
– Continued strong performance from Sage ERP X3.
Key data
£m 2013 2012
Underlying revenue £151.0m £139.8m
EBITA £40.6m £37.7m
EBITA margin 27% 27%
Australia grew organically by 1% (2012: 7%), which
was due to good growth in recurring revenue driven
by support contract renewals and price increases.
This growth was offset by a contraction in SSRS
revenue, which was affected by a slowdown in the
Australian economy. Our Middle Eastern and Asian
businesses grew organically by 11% (2012: 4%), led
by a strong performance from HR and payroll products
in Malaysia and Singapore, and Sage ERP X3 across
the region.
The EBITA margin for AAMEA was 27% (2012: 27%).
Ivan Epstein
Chief Executive Officer, AAMEA
Underlying revenue
(£m)
South Africa
88.1
Australia
45.1
Middle East
and
Asia 17.8
37The Sage Group plc | Annual Report & Accounts 2013
Financial statementsGovernanceStrategic report