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23 Oct 2008 07:00
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23 October 2008
OMG plc
("OMG" or the "Group")
Trading Update
OMG plc, (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, provides the following trading update for the financial year ended 30 September 2008.
Trading in the second half of the year has been strong across most markets and full year turnover is expected to be ahead of expectations.Β Β Full year profits are expected to be similar to those reported for the financial year ended 30 September 2007,Β before Β£250,000 of non-recurring expenses,Β relating principally to office consolidation at the recently acquired Yotta businesses.
During the period, the Group continued to increase investment in the newer, growth areas of the business such as 2d3 Defence and Yotta. The full benefit of these investments will be realised over current and future financial years. Currently both divisions are performing ahead of expectations.
Following a strong first half performance, Vicon has continued to win new business, aided by the launch earlier this year of the new Vicon T-series camera range. The integration of Mobile Video Services, acquired in April 2008, is proceeding well, providing a strong platform for further development of OMG's mapping business in the US.
The Group will announce Preliminary Results on 2 December 2008.
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For further information please contact:
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OMG plc |
+44 1865 261800 |
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Nick Bolton, Chief Executive David Deacon, Finance Director |
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Financial Dynamics |
+44 20 7831 3113 |
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Juliet Clarke / Matt Dixon |
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Evolution SecuritiesΒ (NOMAD to OMG) |
+44 20 7071 4300 |
|
Jeremy Ellis |
About OMG
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries. Be it for capturing the movements of actors (for the movie industry), sportsmen (for video games or improving team performance), children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries) or virtual reality displays (for engineering and development), the Group has the world leading market position and a strong international reputation for precision instruments.
Β Founded in 1984, the Group's headquarters are in Oxford, UK, and it has offices in California and Colorado, USA. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three operating subsidiaries - Vicon, the world's biggest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for entertainment and defence applications and Yotta, our 3D mapping business, which collects and analyses highway data and street level imaging and which, following the acquisition of Mobile VideoΒ Services, Inc. in April 2008 is a leading US provider of data collection services for the assessment of property taxation.Β
Oxford Metrics' global clients in science, medicine, sport, engineering, gaming, film, broadcast and 3D mapping include major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and in 3D mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others.Β
For more information about OMG and its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com orΒ www.yotta.tvΒ Β
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