Judges Scientific PLC Trading Statement and Notice of Final Results (3177N)
January 17 2019 - 1:00AM
UK Regulatory
TIDMJDG
RNS Number : 3177N
Judges Scientific PLC
17 January 2019
Press Release 17 January 2019
Judges Scientific plc (the "Group" or "Judges")
Trading Statement and Notice of Final Results
The Board of Judges Scientific plc, 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 2018.
The trading climate was favourable throughout the year and the
momentum in demand accelerated in the second half, resulting in
6.2% growth in organic* order intake for the year as a whole. This
leaves the Group at the year-end with a total order book equivalent
to 14.2 weeks of budgeted sales (31 December 2017: 14.9 weeks).
The healthy commercial activity and the excellent exchange rates
helped further drive sales, profits and cash generation; as a
result, the Board anticipates that EPS for the full year ended 31
December 2018 will be slightly ahead of current market expectations
as increased following the November 2018 trading update.
Notice of Results
Judges expects to announce its full year results for the year
ended 31 December 2018 on 19 March 2019.
*Organic includes those businesses owned by the Group prior to 1
January 2017
For further information please contact:
Judges Scientific
David Cicurel, CEO Tel: +44 (0) 20 3829 6970
Brad Ormsby, Group FD
Shore Capital (Nominated Adviser
& Broker)
Stephane Auton Tel: +44 (0) 20 7408 4090
Edward Mansfield
Media enquiries:
Alma PR (Financial Public Relations)
Rebecca Sanders-Hewett Tel: +44 (0) 20 3405 0205
Sam Modlin judges@almapr.co.uk
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 has received 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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