Last checked at 25 May 2016 07:00
Press Release | 25 May 2016 |
Judges Scientific Plc
("Judges Scientific" or "the Group")
AGM Statement
At the AGM to be held later today, the Board of Judges Scientific will make the following comments on current trading:
"At the time of the release of the 2015 annual results on 21st March 2016, we indicated that order bookings in the first ten weeks of 2016 had been low, which had been our experience over the previous two years. However, as of today, 20 weeks into the current financial year, unlike the previous year we have not seen a pick-up in order bookings. This will negatively impact our interim results and, should the trend continue, has the potential to affect the Group's performance for the year as a whole."
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For further information please contact:
Judges Scientific |
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David Cicurel, CEO Brad Ormsby, Group FD | Tel: +44 (0) 203 829 6970 |
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Shore Capital (Nominated Adviser & Broker) |
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Stephane Auton Edward Mansfield | Tel: +44 (0) 20 7408 4090 | |
Media enquiries: Abchurch (Financial Public Relations) |
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Canace Wong Nessyah Hart Julian Bosdet | Tel: +44 (0) 20 7398 7714 www.abchurch-group.com |
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group involved in the buy and build of scientific instrument businesses. The Group currently consists of 14 businesses acquired since it was first admitted to AIM in 2003.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, the scientific communities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group companies hold five Queen's Awards for innovation and export.
Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the repayment of debt, organic growth and dividends.
The Group's companies predominantly operate in niche end markets, with long term growth fundamentals and resilient margins.
For further information, please visit www.judges.uk.com