Scientific Digital Imaging plc
("SDI", the "Company" or the "Group")
Scientific Digital Imaging plc, the AIM quoted group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, is pleased to announce a revised update on trading for the year ended 30 April 2019.
The Group now expects full year revenues to be approximately £17.4 million, compared with £14.5 million in 2018.
Adjusted Profit Before Tax (before amortisation of acquired intangibles, share based payments and acquisition and reorganisation costs) is expected to be no less than £2.9 million, compared with £2.3 million in 2018. Reported Profit Before Tax is expected to be no less than £2.0 million, compared with £1.7 million in 2018. This uplift in FY19 guidance reflects the accumulation of positive outcomes in relation to items subject to prudent estimate or judgement at the time of the 15 May 2019 trading update.
Net debt at 30 April 2019 was approximately £1.6 million.
All 2019 numbers provided are unaudited.
Ken Ford, Chairman of SDI, commented:
"As previously stated, this has been a good year for SDI, growing the business and delivering on our acquisition strategy, whilst laying the foundation for further growth in the future.
"The very positive financial results underline the strength of our business model and reflect the hard work of all our staff over the past year".
The final results for the year ended 30 April 2019 are expected to be released on 18 July 2019.
Scientific Digital Imaging plc 01223 320480
Ken Ford, Chairman
Mike Creedon, CEO
Jon Abell, CFO
finnCap Ltd 020 7220 0500
Ed Frisby/Kate Bannatyne - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM
JW Communications 07818 430877
Julia Wilson - Investor & Public Relations
Scientific Digital Imaging plc ("SDI") designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems Applied Thermal Control, MPB Industries and Fistreem.
SDI continues to grow by developing its own technology advancements and by improving its global distribution footprint, as well as through pursuing strategic, complementary acquisitions.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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