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(Alliance News) - AIM-listed Judges Scientific PLC on Thursday said the performance of its portfolio companies has improved in 2019.
The company, which invests in higher education institutions, the scientific communities and manufacturers, said its year-on-year organic order intake has improved by 3.3% in 2019. Organic includes those businesses owned by the company prior to January 2018.
Judges Scientific said its performance has been driven by continued healthy demand, by a strong focus on timely deliveries and by the "excellent" exchange rates.
During the year as a whole, Judges Scientific said demand for the products was "healthy" but "uneven". The company said it starts the new year with a "comfortable" organic order book.
Judges Scientific anticipates that earnings per share for 2019 will be "slightly" ahead of market expectations, which were recently revised upwards.
Judges Scientific will report its 2019 results on March 18, it said.
The stock was trading 0.8% higher in London on Thursday at 4,999.98 pence a share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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