SDI Sdi Group Plc

TIDMSDI

RNS Number : 0708O

SDI Group PLC

29 September 2023

SDI Group plc

("SDI", the "Company", or the "Group")

AGM Trading Update

SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing control applications, is pleased to announce an update on trading for the current year.

Based on trading in the financial year to date together with the outlook for the remainder of FY24, the Board expects that the results for the full year will be delivered in line with market expectations(1) .

Stephen Brown joined the Group as Chief Operating Officer on 28 September, and he will be appointed to the Board today following completion of the annual general meeting.

The Company also announces that its Nominated Adviser and Broker, finnCap Ltd, has now changed its name to Cavendish Capital Markets Limited following completion of its own corporate merger.

(1) Analysts from our Broker Cavendish Capital Markets Limited and from Progressive Equity Research regularly provide research on the Company, and the Group considers the average of their forecasts to represent market expectations for FY24 being Sales of GBP71m and Adjusted(2) Profit Before Tax of GBP9.8m.

(2) Before acquisition costs, amortisation of acquired intangibles and share based payments.

Enquiries

SDI Group plc 01223 727144

Ken Ford, Chairman

Mike Creedon, CEO

Ami Sharma, CFO

www.sdigroup.com

   Cavendish Capital Markets Limited                                         020 7220 0500 

Ed Frisby/Seamus Fricker - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

About SDI Group plc:

SDI designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, plastics and packaging, manufacturing, precision optics, measurement instrumentation and art conservation. SDI operates through its subsidiaries: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries, Chell Instruments, Monmouth Scientific, Uniform Engineering, Scientific Vacuum Systems, Safelab Systems, LTE Scientific and Fraser Anti-Static Techniques.

Corporate expansion is via organic growth within its subsidiary companies and through the acquisition of complementary, niche technology businesses with established reputations in global markets.

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(END) Dow Jones Newswires

September 29, 2023 02:00 ET (06:00 GMT)

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