Last checked at 27 Apr 2018 07:00
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 by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets, is pleased to announce an update on trading for the year ending 30 April 2018.
The Group now expects full year revenues, adjusted* and reported profit before tax to be moderately ahead of previous expectations. In addition, adjusted* and reported profit after tax is expected to benefit from a reduced Group tax charge which includes increased R&D tax credits accrued for both FY18 and FY17.
The Group expects to report significant revenue growth against FY17, reflecting both organic growth, and the acquisition of Astles Control Systems in H2 FY17, Applied Thermal Control in H1 FY18, and a contribution from the smaller Quantum Scientific Imaging acquisition in H2 FY18. Sentek's single-use electrodes and Atik Camera's new products for astronomy and life science applications have been key to delivering the organic sales growth.
Group gross margin is expected to be ahead of FY17 mainly due to the inclusion of a one-off retrospective licencing payment for the sale of Auto-Montage imaging software in Synoptics' H1 FY18 sales, as previously disclosed in the interim results.
Ken Ford, Chairman of SDI, commented:
"SDI is benefitting from its acquisitions as well as from the improvements management continue to make across the whole Group. We look forward to further growth in the new financial year."
The final results for the year ended 30 April 2018 will be released in July 2018.
* before amortisation of acquired intangibles, share based payments and acquisition and reorganisation costs
Enquiries:
Scientific Digital Imaging plc | 01223 727144 |
Ken Ford, Chairman |
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Mike Creedon, CEO |
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www.scientificdigitalimaging.com |
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finnCap Ltd | 020 7220 0500 |
Ed Frisby/Kate Bannatyne - Corporate Finance |
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Andrew Burdis/Abigail Wayne - Corporate Broking |
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JW Communications | 07818 430877 |
Julia Wilson - Investor & Public Relations |
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
About SDI:
Scientific Digital Imaging plc designs and manufactures scientific and technology products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation. SDI intends to continue to grow through its own technology advancements as well as strategic, complementary acquisitions.