Year End Trading Update (8188T)
13 Dicembre 2011 - 8:01AM
UK Regulatory
TIDMQDG
RNS Number : 8188T
Quadnetics Group PLC
13 December 2011
For Immediate Release 13 December 2011
Quadnetics Group plc
("Quadnetics" or "the Group")
Year End Trading Update
Quadnetics Group plc, a leader in advanced surveillance
technology and security networks, provides the following update on
trading following the end of its financial year on 30 November
2011.
Trading was strong in the final months of the financial year and
early indications are that results for the year as a whole will be
at the higher end of the board's expectations.
Sales growth has been strongest in the Synectics Network Systems
and Synectics Industrial Systems divisions, which provide
specialist surveillance systems worldwide to the critical security
and oil & gas markets respectively, continuing the trend seen
in the first half of the year. Comparable year-on-year revenue in
Synectics Networks is estimated to have increased by around 20%,
and in Synectics Industrial Systems by around 30%. In both
divisions, the growth in revenues has also had a significant
beneficial impact on margins.
Revenues in the Integration and Managed Services division, and
in the transport sector of the Synectics Mobile Systems division,
were broadly flat compared with the previous year. The defence
activities within Synectics Mobile Systems improved their
performance in the second half, but still suffered from the
combination of limited UK defence orders and disruption to expected
contracts in the Middle East from local political unrest.
Indanet AG, a leading supplier of high-end surveillance systems
for integrated transport hubs, was acquired in July 2011. Since
acquisition Indanet has performed somewhat ahead of the board's
expectations, and is now anticipated to have made a positive
contribution to Group results in the period to 30 November 2011.
This has arisen from a combination of improved trading and slower
increases than originally planned in marketing and development
expenditure. The integration of Indanet is going well, and we
continue to be excited by the prospects for this business within
Quadnetics.
The Group's consolidated firm order book at year end was
approximately GBP34.7 million, including GBP3.3 million at Indanet.
The comparable consolidated order book as at 30 November 2010,
which did not include Indanet, was GBP27.3 million.
Quadnetics will issue preliminary results for the year to 30
November 2011 on or around 29 February 2012.
For further information, please contact:
Quadnetics Group plc Tel: +44 (0) 1527 850080
John Shepherd, Chief Executive
Email: john.shepherd@quadnetics.com
Arbuthnot Securities Tel: +44 (0) 207 012 2000
Tom Griffiths
Buchanan Communications Limited Tel: +44 (0) 207 466 5000
Tim Anderson / Isabel Podda
This information is provided by RNS
The company news service from the London Stock Exchange
END
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