SDX Energy Regulatory News (SDX)

23 Mar 2006 07:01

Sondex PLC23 March 2006 Sondex plc ("Sondex" or the "Company") Trading UpdateRevenues and operating profits expected to increase by over 50% Sondex, a leading oilfield technology supplier, today provides an update priorto entering into close period for the company's results for the year ended 28February 2006. Trading Update The last year has seen a strong global oil and gas services market. Sondexanticipates reporting revenues and operating profits up by over 50% to a revenuefigure in excess of £50million with sustained margins. Substantial organic growth has been achieved. The year end numbers will alsoinclude a first full year contribution from Geolink, against 8 months in theprevious year, and two full months of AES, acquired for £8 million in December2005. Performance is expected to exceed market consensus. Continued Investment Sondex has continued its programme of investing at record levels in productdevelopment and international sales and marketing infrastructure. Manufacturingcapacity has been increased considerably in response to market conditions. Brokership change Sondex further announces that it has appointed Investec as the Company's solebroker and advisor, with immediate effect. Martin Perry, Chief Executive, commented: "Both our divisions have performed well in the past year with an especiallystrong second half producing good top-line growth and consistent margins. "Our strategy of investing across the business combined with the continuinghealthy market conditions leaves Sondex ideally placed to deliver further growthin the new financial year." 23 March 2006 ENQUIRIES: Sondex Tel: 0118 932 6755Martin Perry (Chief Executive)Chris Wilks (Finance Director) College Hill Tel: 020 7457 2020Nick ElwesBen Brewerton This information is provided by RNS The company news service from the London Stock Exchange