Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJudges Scientific Share News (JDG)

Share Price Information for Judges Scientific (JDG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11,350.00
Bid: 11,200.00
Ask: 11,500.00
Change: 50.00 (0.44%)
Spread: 300.00 (2.679%)
Open: 11,250.00
High: 11,350.00
Low: 11,225.00
Prev. Close: 11,300.00
JDG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Judges Scientific trading varied amid post-Covid recovery

Mon, 25th Jul 2022 08:57

(Sharecast News) - Scientific instrument technology investor Judges Scientific reported "continued resilience and progress" in its first half on Monday as it recovered from the Covid-19 pandemic, with "much improved travel" across most of its markets, although supply chain disruptions were worsening.

The AIM-traded firm acquired Geotek Holding and Geotek Coring for up to £80m in May, funded by a new £100m multi-bank facility.

Across the group, organic order intake was up 4.2% in the six months ended 30 June, after a 25.1% gain in the first half of 2021.

The board said that showed 7.8% progress compared to the first half of 2019, although it could not be considered a "full recovery" to the pre-Covid growth trajectory.

The group saw growth of 15.4% in North America, after 41% growth in the first half of 2021, and 13.1% in its rest-of-world geography, after an 8% improvement in the first six months of last year.

The rest-of-Europe was flat after 34% growth in the same period last year, reflecting "varied performances" across the region.

China and Hong Kong, which continued to be affected by strict lockdowns over the period, receded 5.1% after recording 2% growth in the first half of 2021.

The UK, which had progressed 26% in the first six months of last year, was down 9.4%, with order intake still varying "considerably" from business to business, although less so than a year ago.

Judges said its organic order book reached a mid-year record of 21.3 weeks as at 30 June, compared to 17.6 weeks a year ago and 23 weeks on 1 January, aided by a "modest increase" in order intake, and by the ongoing supply chain difficulties.

Organic sales in the first half were up 7% year-on-year.

"Further progress was hindered by supply chain issues, by staff shortages caused both by recruitment difficulties and by numerous colleagues having to isolate," the board said in its statement.

"The board expects the growth in organic revenues to have driven improved profitability in the first half.

"Whilst general market conditions remain challenging, our resilient business model, backed up by a strong order book, gives the board confidence that the current market expectations for the full year - revised to include Geotek - will be met."

Judges Scientific said it would announce its interim results for the six months ended 30 June on 22 September.

At 0839 BST, shares in Judges Scientific were down 3.01% at 7,371p.

Reporting by Josh White at Sharecast.com.

More News
16 Feb 2021 09:33

Judges Scientific increases stake in Bordeaux

(Sharecast News) - Scientific instrument investor Judges Scientific has increased its interest in its majority-owned subsidiary Bordeaux Acquisition, it announced on Tuesday, to 88% from 75.5%.

Read more
19 Jan 2021 15:19

DIRECTOR DEALINGS: Judges Scientific CEO Sells GBP3.2 Million Worth

DIRECTOR DEALINGS: Judges Scientific CEO Sells GBP3.2 Million Worth

Read more
7 Jan 2021 10:39

Judges Scientific Annual Earnings To Beat Market Expectations

Judges Scientific Annual Earnings To Beat Market Expectations

Read more
7 Jan 2021 09:14

Judges Scientific lifts earnings expectations after 'difficult' year

(Sharecast News) - Scientific instrument sector investor Judges Scientific lifted its earnings expectations for 2020 on Thursday, as its explained that following the outbreak of Covid-19 and the "difficult" trading conditions associated with lockdowns globally, the main impact it had experienced had been on order intake.

Read more
19 Oct 2020 16:53

DIRECTOR DEALINGS: Judges Scientific Chair Sells GBP100,000 In Shares

DIRECTOR DEALINGS: Judges Scientific Chair Sells GBP100,000 In Shares

Read more
19 Oct 2020 14:30

IN BRIEF: Judges Scientific Acquires Korvus For Up To GBP3.0 Million

IN BRIEF: Judges Scientific Acquires Korvus For Up To GBP3.0 Million

Read more
22 Sep 2020 14:12

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

Read more
15 Sep 2020 15:53

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
11 Sep 2020 06:13

IN BRIEF: Judges Scientific Appoints Kodituwakku As Non-Executive

IN BRIEF: Judges Scientific Appoints Kodituwakku As Non-Executive

Read more
21 Jul 2020 13:49

UK TRADING UPDATE SUMMARY: DP Eurasia Interim Sales Up On Turkey Rise

UK TRADING UPDATE SUMMARY: DP Eurasia Interim Sales Up On Turkey Rise

Read more
21 Jul 2020 12:58

Tuesday broker round-up

(Sharecast News) - Premier Oil: Peel Hunt upgrades to buy with a target price of 50.0p.

Read more
21 Jul 2020 09:27

Judges Scientific order intake still taking Covid hit

(Sharecast News) - Judges Scientific said on Tuesday that the main adverse impact of the Covid-19 crisis had been, and was continuing to be, on order intake.

Read more
29 May 2020 15:02

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

Read more
29 May 2020 13:18

Friday broker round-up

(Sharecast News) - Admiral Group: Barclays downgrades to equal weight with a target price of 2,304p.

Read more
29 May 2020 08:15

Judges Scientific acquires calorimetry devices maker Heath Scientific

(Sharecast News) - Scientific instruments business Judges Scientific has acquired calorimetry devices maker Heath Scientific for £5.3m in cash.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.