Scientific Digital Imaging Plc Trading Update (0222Z)
May 15 2019 - 1:00AM
UK Regulatory
TIDMSDI
RNS Number : 0222Z
Scientific Digital Imaging Plc
15 May 2019
Scientific Digital Imaging plc
("SDI", the "Company" or the "Group")
(AIM: SDI)
Trading Update
Scientific Digital Imaging plc, the AIM quoted group focused on
the design and manufacture of scientific and technology products
for use in digital imaging and sensing and control applications, is
pleased to announce an update on trading for the year ended 30
April 2019.
The Group expects full year revenues to be in excess of GBP17.0
million; moderately ahead of expectations, with good momentum from
the businesses already in the portfolio at the start of the
financial year. The newly acquired businesses; Fistreem (September
2018), Thermal Exchange (February 2019), Graticules Optics
(February 2019) and MPB Industries (April 2019), have delivered a
contribution in line with our expectations.
Divisional gross margins remain in line with expectations. With
some moderate additional investment made in the Group to support
future growth, the Company expects to report adjusted* and reported
profit before tax in line with current expectations.
The Company had net debt of less than GBP1.7 million (unaudited)
at 30 April 2019.
Ken Ford, Chairman of SDI, commented:
"This has been a good year for SDI; growing the business and
delivering on our acquisition strategy, whilst laying the
foundation for further growth in the future."
The final results for the year ended 30 April 2019 will be
released in July 2019.
* before amortisation of acquired intangibles, share based
payments and acquisition and reorganisation costs
Enquiries
Scientific Digital Imaging plc 01223 320480
Ken Ford, Chairman
Mike Creedon, CEO
Jon Abell, CFO
www.scientificdigitalimaging.com
finnCap Ltd 020 7220 0500
Ed Frisby/Kate Bannatyne - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM
JW Communications 07818 430877
Julia Wilson - Investor & Public Relations
About SDI:
Scientific Digital Imaging plc ("SDI") designs and manufactures
scientific and technology products for use in digital imaging and
sensing and control applications including life sciences,
healthcare, astronomy, manufacturing, precision optics and art
conservation. SDI operates through its company divisions: Atik
Cameras, Synoptics, Graticules Optics, Sentek, Astles Control
Systems Applied Thermal Control, MPB Industries and Fistreem.
SDI continues to grow by developing its own technology
advancements and by improving its global distribution footprint, as
well as through pursuing strategic, complementary acquisitions.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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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