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Trading Update

27 Jun 2019 07:00

RNS Number : 5580D
Scientific Digital Imaging Plc
27 June 2019
 

Scientific Digital Imaging plc

("SDI", the "Company" or the "Group")

(AIM: SDI)

 

Trading Update

Scientific Digital Imaging plc, the AIM quoted group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, is pleased to announce a revised update on trading for the year ended 30 April 2019.

The Group now expects full year revenues to be approximately £17.4 million, compared with £14.5 million in 2018.

Adjusted Profit Before Tax (before amortisation of acquired intangibles, share based payments and acquisition and reorganisation costs) is expected to be no less than £2.9 million, compared with £2.3 million in 2018. Reported Profit Before Tax is expected to be no less than £2.0 million, compared with £1.7 million in 2018. This uplift in FY19 guidance reflects the accumulation of positive outcomes in relation to items subject to prudent estimate or judgement at the time of the 15 May 2019 trading update.

Net debt at 30 April 2019 was approximately £1.6 million.

All 2019 numbers provided are unaudited.

Ken Ford, Chairman of SDI, commented:

"As previously stated, this has been a good year for SDI, growing the business and delivering on our acquisition strategy, whilst laying the foundation for further growth in the future.

"The very positive financial results underline the strength of our business model and reflect the hard work of all our staff over the past year".

The final results for the year ended 30 April 2019 are expected to be released on 18 July 2019.

Enquiries

Scientific Digital Imaging plc 01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.scientificdigitalimaging.com

 

finnCap Ltd 020 7220 0500

Ed Frisby/Kate Bannatyne - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

 

JW Communications 07818 430877

Julia Wilson - Investor & Public Relations

About SDI:

Scientific Digital Imaging plc ("SDI") designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems Applied Thermal Control, MPB Industries and Fistreem.

 

SDI continues to grow by developing its own technology advancements and by improving its global distribution footprint, as well as through pursuing strategic, complementary acquisitions.

 

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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TSTSEAFMMFUSESM
Date   Source Headline
12th Feb 20194:31 pmRNSPrimaryBid Offer
12th Feb 20194:30 pmRNSPlacing and Acquisition
4th Feb 20197:00 amRNSAcquisition of Thermal Exchange Limited
29th Jan 20199:21 amRNSHolding(s) in Company
21st Jan 20195:39 pmRNSHolding(s) in Company
17th Jan 20197:00 amRNSAcquisition
4th Jan 20194:10 pmRNSHolding(s) in Company
21st Dec 20187:00 amRNSLong Term Incentive Plan Awards
18th Dec 20187:00 amRNSInterim Results
17th Dec 20182:12 pmRNSHolding(s) in Company
1st Nov 20182:51 pmRNSExercise of Options
29th Oct 201811:34 amRNSIssue of Options - Replacement
25th Oct 20183:00 pmRNSIssue of Options
9th Oct 20183:42 pmRNSDirector/PDMR Shareholding
26th Sep 20181:40 pmRNSDirector Dealings
25th Sep 201811:53 amRNSResult of AGM
25th Sep 20187:01 amRNSAGM Trading Update
25th Sep 20187:00 amRNSAcquisition of Fistreem International Limited
4th Sep 20187:00 amRNSPosting of Annual Report and Notice of AGM
17th Aug 20182:23 pmRNSHolding(s) in Company
27th Jul 20187:00 amRNSFinal Results
25th Jun 201812:10 pmRNSHolding(s) in Company
14th May 20184:09 pmRNSHolding(s) in Company
4th May 20187:00 amRNSDirectorate Appointment
1st May 20187:00 amRNSHolding(s) in Company
27th Apr 20187:00 amRNSTrading Update
24th Apr 20183:47 pmRNSHolding(s) in Company
24th Apr 20188:00 amRNSHolding(s) in Company
6th Feb 201810:46 amRNSIssue of Options
5th Feb 201811:52 amRNSDirector/PDMR Shareholding
2nd Feb 20187:00 amRNSQSI Acquisition
26th Jan 20187:00 amRNSInterim Results
10th Jan 201812:16 pmRNSHolding(s) in Company
4th Jan 20189:57 amRNSStatement re. potential small acquisition
11th Oct 20174:49 pmRNSHolding(s) in Company
26th Sep 20175:37 pmRNSResult of AGM
26th Sep 20177:00 amRNSAGM Statement & Directorate Change
21st Sep 20171:52 pmRNSHolding(s) in Company
6th Sep 201710:11 amRNSIssue of Equity and Total Voting Rights
1st Sep 20173:05 pmRNSIssue of Options
24th Aug 201711:55 amRNSDirector/PDMR Shareholding
24th Aug 20177:00 amRNSAcquisition of Applied Thermal Control Limited
26th Jul 20177:00 amRNSFinal Results & Directorate Appointment
26th May 20177:00 amRNSTrading Update
22nd May 20179:06 amRNSHolding(s) in Company
26th Apr 20172:19 pmRNSHolding(s) in Company
23rd Mar 20175:25 pmRNSHolding(s) in Company
15th Mar 201712:47 pmRNSHolding(s) in Company
22nd Feb 20177:00 amRNSDirectorate Change
7th Feb 20174:29 pmRNSHolding(s) in Company

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