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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Comptoir Group PLC - Owner and operator of a chain of Lebanese restaurants - Trading in 2023 in line with internal expectations, and revenue growth to GBP31.5 million from GBP31.0 million predicted. "During the year the company opened a new Comptoir Libanais restaurant in Ealing which is performing ahead of expectations and closed a location in Leeds Trinity Centre. The company has also identified further sites for development, including London's South Bank, which is due to open in April 2024. The company ended the year with 21 managed restaurants and 6 franchise restaurants," Comptoir says.
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Luceco PLC - London-based lighting manufacturer and distributor - Adjusted operating profit in fourth-quarter of 2023 ahead of expectations and revenue climbs 9.5% on-year at constant currency. In addition, Luceco says adjusted operating margin of "over 11%" expected for second half, better than first-half's 10.7%. Luceco expects to report 2023 revenue of GBP209 million, up 1.3% from GBP206.3 million reported for 2022. Predicts adjusted operating profit in region of GBP23.5 million to GBP24 million, a rise from GBP22.0 million in 2022. Chief Executive Officer John Hornby says: "Luceco has performed well in the second half, producing strong results despite ongoing macroeconomic headwinds in the UK and challenges in residential markets."
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LifeSafe Holdings PLC - Essex, England-based fire safety technology developer - Trading for 2023 in line with guidance. Revenue for 2023 of GBP5.9 million expected, at upper end of board expectations. LifeSafe says enjoyed "successful trading over the Christmas period". Underlying earnings before interest, tax, depreciation, and amortisation of roughly GBP1.4 million expected, in middle of board expectation range. Revenue outlook would represent growth of 48% from GBP4.0 million achieved in 2022. In 2022, LifeSafe had made an underlying loss before interest, tax, depreciation, and amortisation of GBP1.3 million. LifeSafe says "continues to chase" but yet to receive update from UK tax office HMRC over delayed VAT refund of GBP350,000.
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Zenova Group PLC - London-based fire safety and heat management product developer - Signs distribution agreement in Romania. Says deal with Distreo SRL "covers the full suite of Zenova fire and temperature management products". "Distreo has already paid for a pre-order lot of 500 of the Company's FX500 extinguishers and already launched a Romanian market specific website selling the Zenova FX500 aerosol extinguishers to end clients," Zenova adds.
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Dillistone Group PLC - Basingstoke, England-based supplier of software and services to recruiters - Predicts 2023 results will show "continuing progress in its turnaround". Forecasts "profit measures in line with expectations". It expects to see its first adjusted operating profit since 2018, as well as an improvement in earnings before interest, tax, depreciation, and amortisation.
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1Spatial PLC - Cambridge-based data management software company - Signs three-year contract with a distribution system operator for electricity and gas networks in Belgium. "The contract is for geospatial data processing services and will see 1Spatial's 1Integrate product used for its unique data quality control and data validation capabilities, alongside 1Spatial's geospatial data production services," 1Spatial adds. Total value of contract is EUR9.0 million.
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Synectics PLC - Sheffield, England-based security and surveillance systems - Wins further contracts as part of framework agreement with National Grid PLC. Additional contracts are valued at around GBP4.0 million and "will see Synectics deliver security improvement works across 13 new sites". "The framework agreement - which runs to October 2026 - centres around the provision of CCTV and Access Control Systems throughout the National Grid estate across England, Wales and Scotland. Synectics is able to draw on its significant expertise in the delivery of solutions for critical infrastructure projects to deliver an end-to-end solution for the customer," Synectics adds.
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Kondor AI PLC - London-based developer of artificial intelligence products to offer on software-as-a-service model, focused analysis of visual input - Launches Kondor 2.0 imaging platform, as well as premium Kondor Plus feature set. Kondor 2.0 will "enable the general public to use AI Vision at scale for everyday tasks such as fashion, food, travel and shopping". "Kondor will generate revenue through its premium Kondor Plus priced at USD12.99 per month which includes an expanded feature set that allows for unlimited use, chat history, faster AI models and unique beta feature access," company adds.
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By Eric Cunha, Alliance News news editor
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