Wynyard Group has this morning delivered on its 2013 revenue target, after completing an initial public offering (IPO) and floating on the New Zealand Stock Exchange on July 19 last year.

“Our IPO prospective financial information forecast $21.5 million revenue in the year to 31 December 2013," says Craig Richardson, managing director, Wynyard Group.

"Our unaudited results indicate we will meet that target and will report more than 62% revenue growth in the 2013 year.

“We are starting the new year in good shape. The number of new opportunities materially increased in the fourth quarter of 2013 and we took steps in November to build capacity to qualify and service this increased demand."

Wynyard Group’s prospective financial information forecast $27 million revenue in the year to 31 December 2014.

According to Richardson, the Wynyard board will continue to review the 2014 and 2015 business plan and targets through the first quarter of this year.

The company’s 2013 full year results are due to be announced on Monday February 24 and its annual report will be available to shareholders by the end of March.