Judges Scientific PLC Trading Statement and Notice of Final Results (8059B)
January 15 2018 - 1:00AM
UK Regulatory
TIDMJDG
RNS Number : 8059B
Judges Scientific PLC
15 January 2018
Press Release 15 January 2018
Judges Scientific plc (the "Group" or "Judges")
Trading Statement and Notice of Final Results
EPS expected to be ahead of current market expectations
The Board of Judges Scientific, a group involved in the buy and
build of scientific instrument businesses, updates shareholders and
the market on the Group's trading performance for the financial
year ended 31 December 2017.
The positive demand for our products, observed since June 2016,
was sustained throughout 2017 with organic* order intake increasing
16% over the prior year. As a result, the Group enters 2018 with a
robust order book totalling 14.9 weeks of sales compared to 13.9
weeks on 1 January 2017.
For the year as a whole, the two businesses that had experienced
lower demand in 2016 recovered to normal levels of orders, sales
and profitability. The business which had been affected by
production and supply chain problems has made progress,
particularly in the last four months of the year.
Group sales and profits were driven forward by the healthy order
intake and the very favourable exchange rates. Consequently, the
Board anticipates that EPS for the full year ended 31 December 2017
will be ahead of current market expectations.
Judges expects to announce its full year results for the year
ended 31 December 2017 on 20 March 2018.
* Organic includes those businesses owned by the Group prior to
1 January 2016
For further information please contact:
Judges Scientific
David Cicurel, CEO Tel: +44 (0)
Brad Ormsby, Group FD 203 829 6970
Shore Capital (Nominated
Adviser & Broker)
Stephane Auton Tel: +44 (0) 20 7408
Edward Mansfield 4090
Media enquiries:
Alma PR (Financial Public
Relations)
Rebecca Sanders-Hewett Tel: +44 (0) 20 3865
John Coles 4219
Susie Hudson judges@almapr.co.uk
Sam Modlin
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group involved in the buy
and build of scientific instrument businesses. The Group currently
consists of 16 businesses acquired since it was re-admitted to AIM
in 2005.
The acquired companies are primarily UK-based with products sold
worldwide to a diverse range of markets including: higher education
institutions, the scientific communities, manufacturers and
regulatory authorities. The UK is a recognised centre of excellence
for scientific instruments. The Group companies hold five Queen's
Awards for innovation and export.
The Group's companies predominantly operate in global niche
markets, with long term growth fundamentals and resilient
margins.
Judges Scientific maintains a policy of selectively acquiring
businesses that generate sustainable profits and cash. Shareholder
returns are created through the repayment of debt, organic growth
and dividends.
For further information, please visit www.judges.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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