21
May 2024
Judges
Scientific plc
(the
"Group" or "Judges")
AGM
Statement
At the Annual General Meeting of
Judges Scientific plc, to be held at 12:00 noon today
at The Lansdowne Club, 9 Fitzmaurice Place, London
W1J 5JD, Alex Hambro, Chairman of the Group, will make the
following statement:
"At the time of our Final Results, we stated that we were
still envisaging another coring expedition during the course of
2024, however, Geotek had not contracted for this expedition and
there was uncertainty regarding its timing and the amount of any
related revenue to be recognised in 2024. We can confirm that the
next Geotek contract is now in negotiation, and specifies an
expedition starting at the very end of 2024, implying no
recognisable revenue in the current financial
year.
"Trading in the first four months of the year has been subdued
relative to strong prior year comparatives. However, H2 looks more
promising which would result in a performance that is second half
weighted and lead to a full year result in line with market
expectations*."
* Current consensus market expectations for the year ended 31
December 2024 are Adjusted profit before tax of £34.0m and Adjusted
basic earnings per share of 384.6p.
- Ends
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For
further information please contact:
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Judges Scientific plc
David Cicurel, CEO
Brad Ormsby, CFO
Tel: +44 (0) 20 3829
6970
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Shore Capital (Nominated Adviser & Joint
Broker)
Stephane Auton
Harry Davies-Ball
Tel: +44 (0) 20 7408 4090
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Liberum (Joint Broker)
Edward Mansfield
Nikhil Varghese
Tel : +44 (0) 20 3100
2222
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Investec Bank plc (Joint Broker)
Virginia Bull
Carlton Nelson
Tel: +44 (0) 207 597 4000
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Alma (Financial Public Relations)
Sam Modlin
Rebecca Sanders-Hewett
Joe Pederzolli
Tel: +44 (0) 20 3405 0205
judges@almastrategic.com
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Notes to editors:
Judges Scientific plc (AIM:
JDG), is a group focused on acquiring and developing companies in
the scientific instrument sector. The Group now consists of
23 businesses acquired since 2005.
The acquired companies are
primarily UK-based with products sold worldwide to a diverse
range of markets including: higher education institutions,
scientific research facilities, 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 reduction of debt, organic growth and
dividends.
For further information, please
visit www.judges.uk.com