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Alliance News


Kromek Expects Full Year Breakeven As Results In Line With Forecasts

Tue, 1st May 2018 13:17


LONDON (Alliance News) - Radiation detection firm Kromek Group PLC said Tuesday it expects full year profit and revenue growth to be in line with market expectations as new and existing contracts continue to deliver.

For the year ended April, Kromek said growth in sales through existing and new "high-value" contracts won during the year meant it expects to report revenue growth for the year. It also expects to be breakeven on an earnings before interest, taxes, depreciation and amortisation basis.

Kromek added all its business segments were seeing its products "gain traction." This was, in particular, as its CZT-based technology was seeing increased adoption.

"The group expects to continue to win new customers and, together with the momentum of contract wins, it expects continued growth in the new financial year," Kromek said in a statement.

Shares in Kromek were flat at 21.25 pence on Tuesday.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

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