17 Nov 2016 07:00
SCISYS PLC
("SCISYS" or "the Group")
Trading Update
SCISYS, the supplier of bespoke software systems, IT-based solutions, web and mobile application development, and support services to the Space, Defence, Media & Broadcast, Government and Commercial sectors, is pleased to provide the following trading update:
Following the trading update released on 16 August 2016 and the updated outlook statement in its interim results announced in September 2016, SCISYS is pleased to report that, due to continued strong trading in the second half of 2016, the Directors now anticipate that the Group will deliver adjusted operating profit (before exceptional items and share based payments) and revenues for the year to 31 December 2016 ahead of current market guidance.
This is a result of additional contract wins, improved efficiency in delivering existing projects and the continuing positive impact of the exchange rate fluctuations in sterling against the euro. Each of these elements substantiates the favourable outlook statement that the Directors made in the announcement of SCISYS' interim results and underpins the Board's confidence that the Group is well positioned to achieve its growth objectives.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Investor Lunch Programme
SCISYS will be holding an Investor Lunch in London for Private Client Investment Managers and Private Investors on 29 November 2016. The Chairman, Chief Executive and Finance Director will be providing an update on operations, growth strategy and prospects. Those wishing to attend should contact Tom Cooper on tom.cooper@walbrookpr.com or 020 7933 8780 or 0797 122 1972 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 | Corporate Finance | |
Mia Gardner | Corporate Broking | |
WalbrookPR Tom Cooper/Paul Vann | +44 (0) 20 7933 8780 +44 (0)797 122 1972 tom.cooper@walbrookpr.com |
About SCISYS:
Employing nearly 450 staff, SCISYS group is a leading developer of Information and Communications Technology services, e-Business, web and mobile applications and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue chip and public sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, AON, Interflora and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and two offices located in Germany. More information is available at www.scisys.co.uk.