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Trading update

6 Jul 2017 07:00

RNS Number : 2483K
EKF Diagnostics Holdings PLC
06 July 2017
 

 

EKF Diagnostics Holdings plc

("EKF", the "Company")

 

Trading update

 

EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, provides an update on current trading.

 

The Company is pleased to announce that the trading in the second quarter of the year has continued the favourable trends experienced in the first quarter.

 

In particular, June sales were notably strong. This is entirely due to organic growth with no major tenders won during the period.

 

As a consequence, the Company expects adjusted EBITDA for 2017 will be comfortably ahead of current market forecasts.

 

Finally, despite the cancellation of the stock option scheme at a cost of £1.5m cash generation has been very strong with net cash at 30 June of approximately £4.0m.

 

 

This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR).

 

 

EKF Diagnostics Holdings plc

www.ekfdiagnostics.com

Christopher Mills, Non-Executive Chairman

Tel: 029 2071 0570

Julian Baines, CEO 

Richard Evans, FD & COO

N+1 Singer (Nomad & Broker)

Tel: 020 7496 3000

Alex Price / Alex Laughton-Scott

Walbrook PR Limited

Tel: 020 7933 8780 or ekf@walbrookpr.com

Paul McManus / Lianne Cawthorne

Mob: 07980 541 893 / 07584 391 303

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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