22 May 2014 07:00
SCISYS PLC
AGM TRADING STATEMENT
SCISYS PLC, AIM stock code: SSY, ('SCISYS' or the 'Company') - the supplier of bespoke software systems, IT based solutions and support services to the Media & Broadcast, Space, Government and Defence sectors is pleased to release the following trading statement which will be read out at its AGM to be held at 12.00 noon today.
SCISYS is pleased to confirm that the Directors remain optimistic that the Company is on track to meet its full year guidance and to report further profitable progress. Our divisions remain positioned as market experts in the value niches in which they operate, and as expected, each of the divisions is making a positive contribution.
We have already announced three contract wins in the Space division so far this year. In aggregate these contracts, awarded by Eumetsat and ESA, are worth €8m in revenue spread over the next few years.
Our Media & Broadcast division has secured support and maintenance orders with a number of long standing customers using our dira!® product, valued around €4m.
Our Enterprise Solutions & Defence division has an order book that is ahead of average levels over the last 12 months and is further backed by a strong pipeline of future prospects.
The Company has a strong balance sheet, continues to be cash generative from operations and has an order book in line with expectations. The Directors expect to maintain the previously stated dividend policy.
Investor Lunch Programme
SCISYS will be holding a series of Investor Lunches in London, Bristol, Birmingham and Leeds for Private Client Investment Managers and Private Investors. Those wishing to attend should contact Tom Cooper on tom.cooper@winningtons.co.uk or 020 3176 4722 for further details.
For further information please contact:
SCISYS PLC | +44 (0)1249 466 466 | |
Mike Love | Chairman | |
Klaus Heidrich | Chief Executive Officer | |
Chris Cheetham | Finance Director | |
finnCap (NOMAD & Broker) | +44 (0)20 7220 0500 | |
Julian Blunt / Henrik Persson | Corporate Finance | |
Alexandra Clement | Corporate Broking | |
Winningtons Financial PR Tom Cooper/Paul Vann | +44 (0)20 3176 4722 +44 (0)797 122 1972 tom.cooper@winningtons.co.uk |
About SCISYS:
Employing nearly 430 staff, SCISYS is a leading developer of Information and Communications Technology services, e-Business and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence sectors. SCISYS clients are predominantly blue chip and public sector organizations. Customers include Environment Agency, the Ministry of Defence, Astrium, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI and the National Trust. The Company has UK offices in Chippenham, Bristol and Reading and three offices located in Germany. More information is available at www.scisys.co.uk