Last checked at 29 Aug 2017 07:00
29 August 2017
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain
This announcement contains inside information
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Trading Update
Image Scan refines year end guidance
Image Scan, the AIM-listed specialist supplier of X-ray screening systems to the security and industrial inspection markets is pleased to provide a trading update for the year to 30th September 2017. This trading update is based on the development of supply chain and manufacturing plans following the rapid growth in order intake across a broad range of the Company's products, which that was announced on 17 July 2017.
Based on its current plans the Company anticipates that sales for the year to 30 September 2017 will be approximately £4.5m and that profit before tax will be approximately £250k. Year-end sales at this level would leave the company with an orderbook in excess of £2m at the start of FY 2018.
Bill Mawer, Chairman and CEO of Image Scan, said: "I have been delighted by the response of our staff and our supply chain partners to the rapid increase in our order book. The manufacturing facility in Loughborough is busier than at any time since I joined the business.
While we still have some work to do to finalise delivery schedules with our customers, I am confident we should achieve at least this level of performance and will start the new year with a very healthy order book."
The Company will issue a pre-close trading update in October ahead of its results for the year ended 30 September 2017.
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
ir@ish.co.uk
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / David Foreman (Corporate Finance)
Alex Pollen/Mark Westcott (Sales)
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets. The Company's Security portfolio includes the ThreatScan® range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system. The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines. The Company was founded in 1996 and joined AIM in 2002.
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com