SSY.L Share News (SSY)

SSY.L Information

There is currently no data for SSY

Strong euro could benefit full-year numbers for SCISYS

Tue, 16th Aug 2016 10:38

(ShareCast News) - Bespoke software systems supplier SCISYS updated the marker ahead of releasing its interim results in September on Tuesday.The AIM-traded company said it has maintained the "encouraging start to the year" reported at the AGM on 9 June.It said this favourable trading picture is reflected in "buoyant cash flows" for the period."These transformed a £1.0m net debt position at the start of 2016 into £1.4m net cash at 30 June," the board said in a statement."The group's order book has remained strong, well ahead of the equivalent position in June 2015, and is underpinned by a sizeable pipeline of prospective new business opportunities."SCISYS' board said it does not expect any adverse consequences as a result of June's EU referendum outcome, adding that if the euro-sterling exchange rate stays in a broad range around its current level for the remainder of 2016, its current full year expectations will be significantly exceeded even after allowing for costs of approximately £0.5m incurred in the first half-year for currency hedging."As in previous years, the group's full year trading performance is expected to show a bias towards the second half of the year."SCISYS said approximately half of its business is conducted in euros, and it mitigates its exposure to exchange rate movements by entering into hedging contracts to convert forecast surplus euros into sterling at fixed forward rates."Such contracts are revalued quarterly on a mark-to-market basis."Following the Brexit referendum vote the value of the pound fell sharply against the euro," the board explained."This resulted in an adverse revaluation at 30 June of the company's 2016 and 2017 hedging contracts and will create a £0.5m charge in the income statement for the first half of the year."

More News

17 Oct 2018 12:59

Scysis to re-domicile to Ireland in Brexit contingency plan

(Sharecast News) - Software company Scisys has announced plans to create a holding company incorporated in Ireland as part of its Brexit contingency plans.

20 Sep 2018 11:19

SCISYS Hikes Payout As Swings To Profit On Revenue Growth, Costs Fall

LONDON (Alliance News) - Software firm SCISYS PLC hiked its interim dividend Thursday after it swung to a profit amid revenue growth and a fall in one-off costs associated with a recent the six to

13 Sep 2018 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 14 September JD WetherspoonHalf Year ResultsTriple Point Social HousingHalf Year

30 Aug 2018 14:29

SCISYS flags decent first half performance

(Sharecast News) - Bespoke software systems supplier SCISYS updated the market on its trading on Thursday, saying it would announce its interim results for the half year to 30 June on 20 September.

30 Aug 2018 11:31

Scisys Expects Progress In 2018 With Improved First-Half Performance

LONDON (Alliance News) - Software and IT solutions supplier Scisys PLC said Thursday it is confident it will deliver year-on-year progress in 2018.Scisys shares were trading up 6.6% at that

21 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Friday 22 JuneCambian Groupboohoo.comNext Fifteen Communications GroupBraemar 25 Oil

27 Mar 2018 12:49

SCISYS Positive On 2018 Outlook After Revenue And Profit Rise In 2017

LONDON (Alliance News) - SCISYS PLC on Tuesday said its outlook for the year ahead is "very encouraging", after reporting a rise in revenue and profit for technology

9 Feb 2017 08:30

Scisys to design mission control system for weather forecasting programme

(ShareCast News) - Software company Scisys has won a €1.9m contract with technology firm GMV to design a mission control system to support a weather forecasting programme for a European intergovernmental organisation. The AIM-listed company will design and implement a bespoke mission control system

7 Feb 2017 13:02

Scisys wins Mars rover software contract

(ShareCast News) - Scisys has won a €3.7m contract from Thales to help design software for the Mars rover vehicle as part of the European Space Agency's 2020 scientific mission. In its second involvement with the ExoMars programme, the AIM-listed company will work with Thales Alenia Space Italia on

3 Jan 2017 09:58

Scisys completes acquisition of Annova Systems for £9.7m

(ShareCast News) - Information and communications technology provider Scisys has completed the acquisition of Munich-based software provider Annova Systems for €11.35m (£9.7m), in order to put it in "a stronger market position" across Europe. The acquisition, which is expected to be "strongly" earni

19 Dec 2016 07:50

Scisys to build operations centre for Franco-German satellite mission

(ShareCast News) - AIM-listed software company Scisys has won a €3.3m contract with aircraft maker Airbus to build the payload operations centre for a Franco-German satellite climate mission. Scisys signed a contract with Airbus' defence and space division to provide central functions for the payloa

24 Nov 2016 10:32

Scisys buys Germany´s Annova Sytems for £9.7m

(ShareCast News) - Software company Scisys bought Munich-based Annova Systems, a software provider for €11.35m (£9.7m) which puts it in "a stronger market position" across Europe. The acquisition, which is expected to be "strongly" earnings enhancing from 2017 onwards, will be funded via a new bank

17 Nov 2016 10:41

Scisys sharers rise at it revises full year outlook

(ShareCast News) - Shares in Scisys rose as the supplier of bespoke software systems to the space, defence, government and commercial sectors updated its outlook for the year, following "strong" trading in the second half. The AIM-listed company now expects adjusted operating profit, before exceptio

17 Nov 2016 10:24

WINNERS & LOSERS SUMMARY: NAHL Hit By UK Crackdown On Whiplash Claims

9 Nov 2016 09:20

Sciys wins space satellite contract with OneWeb

(ShareCast News) - Sciys, a supplier of bespoke software systems, has won a contract with OneWeb to deliver satellite mission-planning software based on its Pleniter product. OneWeb, a global satellite communications provider, will use the software for its satellite constellation, which is being

Latest Share Chat

SSY.L Share News (SSY)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Strong euro could benefit full-year numbers for SCISYS

Login to your account

Quickpicks are a member only feature

Login to your account