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Pin to quick picksJudges Scientific Share News (JDG)

Share Price Information for Judges Scientific (JDG)

London Stock Exchange
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Share Price: 11,500.00
Bid: 11,400.00
Ask: 11,600.00
Change: -100.00 (-0.88%)
Spread: 200.00 (1.754%)
Open: 11,250.00
High: 11,500.00
Low: 11,200.00
Prev. Close: 11,300.00
JDG Live PriceLast checked at -

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Judges Scientific in line with expectations, but problems persist

Mon, 23rd Jan 2017 10:05

(ShareCast News) - Judges Scientific said it expects results to be in line with expectations, despite a slow start to the 2016 with a slow order intake, but the scientific instrument maker admitted difficulties experienced last year still persisted in 2017.Organic order intake grew 3% for the 2016 calendar year, despite a slow start at the beginning of 2016, but this was followed by an "excellent" third quarter and a "respectable" fourth.However if Armfield, its Hampshire-based instrument maker which it bought last January, was not part of the organic growth on a like-for-like basis and was included, the order intake would show a 2.3% drop.The company said that a slow order intake at Armfield and one of its organic businesses, as well as production issues at another business, were partially offset by a good performance from the remaining businesses and the contribution of the four businesses it bought during 2016.AM-listed Judges said that it started 2017 with a "robust" order book and a positive foreign exchange environment, but the difficulties experienced last year are still lingering.Its shares were down 1.8% to 1,500p at 1045 GMT.
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