23 May 2013 07:00
23 May 2013
SCISYS PLC
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 & Defence, and Environment sectors is pleased to release the following trading statement ahead of its AGM to be held at 12.00 noon today.
SCISYS opened the year with a solid order book, which has further improved in the opening months of 2013. The Directors believe that the Company is on track to meet full year guidance, with trading expected to follow the pattern of previous years in which the second half of the year has typically delivered a stronger performance than the first.
The Company has a strong balance sheet and continues to be cash generative from operations. As such, SCISYS remains well placed to consider further acquisition opportunities and, subject to continued satisfactory trading, intends to maintain a progressive dividend policy.
For further information please contact:
SCISYS PLC | +44 (0)1249 466 466 | |
Mike Love | Chairman | |
David Jones | Chief Executive Officer | |
Chris Cheetham | Finance Director | |
finnCap (NOMAD & Broker) | +44 (0)20 7220 0500 | |
Stuart Andrews / Henrik Persson | Corporate Finance | |
Simon Starr | 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 440 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 & Defence, and Environment. SCISYS clients are predominantly blue chip and public sector organizations. Customers include Environment Agency, the Ministry of Defence, Astrium, Arqiva, the European Space Agency, Eumetsat, the BBC, RNLI, National Trust and Transport for London. 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