The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPebble Beach Regulatory News (PEB)

Share Price Information for Pebble Beach (PEB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 13.00
Bid: 12.50
Ask: 13.50
Change: -0.75 (-5.45%)
Spread: 1.00 (8.00%)
Open: 13.75
High: 13.75
Low: 13.00
Prev. Close: 13.75
PEB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement & Capital Markets Day

25 Apr 2012 07:00

RNS Number : 9785B
Vislink PLC
25 April 2012
 



Vislink plc

Interim Management Statement

25 April 2012

 

Vislink plc ("The Group"), the global technology business specialising in solutions for the collection and delivery of high quality video and associated data for the broadcast and surveillance markets, today publishes a trading update and Interim Management Statement in respect of the financial period from 1 January to 25 April 2012, being the date of this announcement.

 

Trading

The Group traded profitably and in line with management expectations for the quarter ended 31 March 2012.

 

Group revenue for the quarter was £13.7 million (2011: £8.5 million). Underlying revenue, being revenue excluding revenue from Gigawave, was up 37 per cent at £11.7 million. Orders received in the period were £13.4 million (2011: £9.4 million). Underlying orders received were 16 per cent up on 2011 at £10.9 million. We have seen growth in underlying orders in both our broadcast and surveillance markets.

 

The Group held net cash of £8.7 million at 31 March 2012 (31 December 2011: net cash of £10.1 million). Since 31 December 2011 the Group has paid deferred consideration that accounted for £0.5 million of cash outflow and has completed the integration of Gigawave into its UK business.

 

Financial position

There have been no significant changes in the financial position of the Group since the announcement of the full year results for the year ended 31 December 2011 save for the information contained within this Interim Management Statement.

 

Capital Markets Event.

Vislink is today hosting a Capital Markets Event in London. Presentations and demonstrations will be given by Vislink's senior management team led by Executive Chairman John Hawkins. The event will set out how the Group aims to achieve its financial goal of profitable growth to £80 million of annualised revenues within 3 years (2011: £50.3 million) with a 10% operating profit through:

 

·; Its strategy of exploiting the growth of video content distribution in both broadcast and surveillance markets; and

 

·; Its strategy to build recurring revenues through the creation of software and services offerings.

 

John Varney, a non-executive director of Vislink and former BBC Global Chief Technology Officer and Director of Technology and Chief Technology Officer for Granada, will also be in attendance and will present an overview of the broadcast market and his views on the future growth opportunities for Vislink.

 

John Hawkins

Executive Chairman

- ends -

 

For further information on 25 April 2012, please contact:

 

John Hawkins, Executive Chairman

+44 (0) 14 88 68 55 00

James Trumper, Group Finance Director

+44 (0) 14 88 68 55 00

Andrew Hayes / Charlie Jack

Hudson Sandler

+44 (0) 20 77 96 41 33

Shaun Dobson

Singer Capital Markets

+44 (0) 20 32 05 75 00

About Vislink plc

The Vislink Group is a global technology business specialising in the collection and delivery of high quality video and associated data from the field to the point of usage. Vislink provides solutions to the broadcast market for the collection of live news, sport and entertainment events and to the surveillance market including law enforcement and public safety customers. With offices in the UK, USA, Australia, China, UAE and Singapore we employ over 250 people worldwide and have revenues in excess of £50 million. Our solutions include the design and manufacture of microwave radio, satellite transmission and wireless camera systems; our manufacturing operations are in the UK and the USA.

 

The Company is fully listed on the London Stock Exchange (LSE:VLK). For further information, visit www.vislink.com.

 

Forward looking statements

Certain statements in this announcement are forward-looking. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. The Group undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUSRVRUUASUAR
Date   Source Headline
4th Oct 201312:12 pmRNSBlocklisting Interim Review
29th Aug 20137:00 amRNSGlobal Strategic Relationship
29th Aug 20137:00 amRNSAcquisition of Amplifier Technology
29th Aug 20137:00 amRNSInterim Results
15th Jul 201311:52 amRNSNotice of Half Year Results
21st Jun 20137:00 amRNSDirector Share Purchases
12th Jun 201310:18 amRNSAnnual Information Update
3rd Jun 201312:45 pmRNSBlocklisting Interim Review
22nd May 20132:58 pmRNSResult of AGM
17th May 20133:16 pmRNSHolding(s) in Company
13th May 20137:00 amRNSDirector Change
23rd Apr 20137:00 amRNSInterim Management Statement
10th Apr 20133:51 pmRNSHolding(s) in Company
10th Apr 20138:51 amRNSBlocklisting Interim Review
25th Mar 20137:00 amRNSPreliminary Results
28th Feb 20137:01 amRNSNotice of Preliminary Results
18th Dec 20129:46 amRNSDirector/PDMR Shareholding
3rd Dec 20122:30 pmRNSBlocklisting Interim Review
8th Nov 20127:00 amRNSInterim Management Statement
2nd Nov 201212:30 pmRNSHolding(s) in Company
31st Oct 20129:51 amRNSHolding(s) in Company
25th Oct 20121:11 pmRNSHolding(s) in Company
3rd Oct 201212:24 pmRNSBlocklisting Interim Review
27th Sep 20124:52 pmRNSHolding(s) in Company
27th Sep 20124:52 pmRNSHolding(s) in Company
7th Sep 20122:02 pmRNSDirector/PDMR Shareholding
30th Aug 20127:00 amRNSHalf Yearly Report
10th Aug 20124:15 pmRNSDirector/PDMR Shareholding
7th Aug 20127:00 amRNSNotice of Interim Results
31st Jul 20123:16 pmRNSHolding(s) in Company
10th Jul 20122:15 pmRNSDirector/PDMR Shareholding
14th Jun 201211:30 amRNSDirector/PDMR Shareholding
11th Jun 201211:19 amRNSAnnual Information Update
1st Jun 201210:14 amRNSBlocklisting Interim Review
30th May 20121:43 pmRNSResult of AGM
15th May 201212:02 pmRNSDirector/PDMR Shareholding
15th May 201210:05 amRNSHolding(s) in Company
26th Apr 201211:24 amRNSDirector/PDMR Shareholding
26th Apr 20127:00 amRNSDirectorate Change
25th Apr 20127:00 amRNSInterim Management Statement & Capital Markets Day
13th Apr 20123:05 pmRNSDirector/PDMR Shareholding
30th Mar 20123:00 pmRNSDirector/PDMR Shareholding
28th Mar 201210:02 amRNSDirector/PDMR Shareholding
27th Mar 20127:00 amRNSFinal Results
15th Mar 20121:04 pmRNSDirector/PDMR Shareholding
9th Mar 20127:00 amRNSNotice of Results
14th Feb 20124:25 pmRNSDirector/PDMR Shareholding
10th Jan 201211:18 amRNSDirector/PDMR Shareholding
3rd Jan 20127:00 amRNSChange of Adviser
13th Dec 201110:54 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.