(Alliance News) - Judges Scientific PLC said on Friday it expects earnings in 2021 to be ahead of market expectations thanks to strong order intake.
The scientific-instrument acquisition company said adjusted earnings per share for 2021 will beat market expectations, which is set at 209.7 pence.
The company primarily attributes the growth to an increase year-on-year in organic order intake of 25% from 2020.
Whilst it notes it is still in "recovery" from the worst of the impacts of the pandemic, 2021 orders were up 8.5% against 2019, which was previously the record year for the company.
Organic revenue for the UK-based Judges was 5% ahead in the first half of 2021, and climbed into "double digits" for the year as a whole.
The company's order book looks strong for 2022 growing to 22.5 weeks from its report on December 31 2021, and up from 14.7 weeks in 2020.
Judges' share price was up 1.5% to 8300.00 pence each in London at midday.
Judges will release its full-year results for 2021 on March 23, 2022.
By Elizabeth Winter; elizabethwinter@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Judges Scientific (JDG)